Wells Fargo Reported to Own Spot Bitcoin ETFs

Wells Fargo, the third-largest U.S. bank, reveals its holdings in spot Bitcoin ETFs, marking its entry into the Bitcoin market.
Wells Fargo Reported to Own Spot Bitcoin ETFs
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Key Takeaways

  • Wells Fargo holds positions in Grayscale's spot Bitcoin ETF.
  • Spot Bitcoin ETFs offer indirect exposure to Bitcoin.
  • Susquehanna International Group owns $1.8 billion in Bitcoin ETFs.

In a recent Securities and Exchange Commission (SEC) filing, Wells Fargo, the third-largest bank in the U.S., disclosed its investment in Grayscale’s spot Bitcoin ETF and ProShares Bitcoin Strategy futures ETF.

Additionally, the bank holds shares in Bitcoin Depot Inc.

Institutional adoption on the rise

Wells Fargo’s investment aligns with a broader trend of institutional adoption, as major banks and financial institutions seek ways to gain exposure to Bitcoin through regulated investment vehicles.

Susquehanna International holds $1.8 billion in Bitcoin ETFs

Earlier this week, investment giant Susquehanna International Group disclosed its $1.8 billion holdings in spot Bitcoin and other Bitcoin ETFs.

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