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Wells Fargo and JPMorgan boost Ethereum ETF holdings and launch tokenized funds, signaling strong institutional demand.

Market News
22 May 2026, 00:46 WIB
Zycrypto
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Bullish
Wells Fargo and JPMorgan boost Ethereum ETF holdings and launch tokenized funds, signaling strong institutional demand.

Wells Fargo significantly increased its holdings in Ethereum spot ETFs during Q1 2026, with a 63.5% rise in iShares Ethereum Trust shares and a 37% increase in Bitwise Ethereum ETF shares. Meanwhile, JPMorgan Chase plans to launch a tokenized money market fund on Ethereum, investing in U.S. Treasury securities to meet stablecoin reserve requirements. These moves highlight Ethereum's growing role in institutional finance and tokenization, suggesting a bullish outlook for the cryptocurrency's future.

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