Wells Fargo increases holdings in ETH ETFs in Q1, significantly boosting its position in Strategy stock

Odaily News According to the latest 13F filing by Wells Fargo, the bank increased its holdings in multiple Ethereum spot ETFs during the first quarter of 2026, including BlackRock's ETHA and Bitwise's ETHW.

Specifically, the ETHA position rose from approximately 672,600 shares in Q4 2025 to about 1.1 million shares, an increase of roughly 63.5%; the ETHW position increased from approximately 186,800 shares to about 257,000 shares, an increase of around 37%. As of the end of the first quarter, the total value of Wells Fargo's ETH ETF holdings was approximately $21.5 million.

In comparison, its Bitcoin ETF holdings showed divergence: the IBIT position saw a slight decrease, while positions in BITB and the Grayscale Bitcoin Mini Trust ETF increased by about 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, valued at approximately $250 million.

Furthermore, Wells Fargo significantly adjusted its positions in crypto-related stocks, reducing its stake in Galaxy Digital by approximately 97%, while increasing its position in Strategy from about 322,700 shares to 726,000 shares, a gain of around 125%. (Cointelegraph)