Wells Fargo Will Significantly Increase Bitcoin ETF Holdings in Q2 2025

🔹Wells Fargo is the fourth largest bank in the United States by total assets, and the bank will increase its holdings in BlackRock's iShares Bitcoin Trust (IBIT) from over $26 million in Q1 2025 to over $160 million.

🔹The bank will also increase its holdings in Invesco Galaxy Bitcoin ETF (BTCO) from $2.5 million to approximately $26 million in Q2.

🔹The Grayscale Bitcoin Mini Trust's increase was smaller, rising from about $23,000 to $31,500, while GBTC's increase was from $146,000 to over $192,000.

🔹Wells Fargo also reported smaller-scale investments in Bitcoin and Ethereum ETFs managed by ARK/21Shares, Bitwise, CoinShares/Valkyrie, Fidelity, and VanEck.