Wells Fargo Increased ETH ETF Holdings in Q1, Significantly Raised Stake in Strategy Stock

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

Among them, ETHA holdings rose from approximately 672,600 shares in Q4 2025 to about 1.1 million shares, an increase of roughly 63.5%; ETHW holdings increased from around 186,800 shares to about 257,000 shares, an increase of approximately 37%. As of the end of Q1, the total value of ETH ETFs held by Wells Fargo was approximately $21.5 million.

In comparison, its Bitcoin ETF holdings showed divergence: IBIT holdings decreased slightly, while holdings in BITB and the Grayscale Bitcoin Mini Trust ETF increased by about 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF position, valued at around $250 million.

Additionally, Wells Fargo made significant adjustments to its crypto-related stock positions. Its holdings in Galaxy Digital were reduced by about 97%, while its position in Strategy increased from approximately 322,700 shares to 726,000 shares, an increase of roughly 125%.