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Wells Fargo boosts Ether ETF holdings despite Ether's quarterly losses in Q1 2026

Market News
13 May 2026
Crypto news
View Source
Neutral
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Wells Fargo increased its holdings in spot Ether ETFs during Q1 2026, raising shares in ETHA and ETHW even as Ether experienced two consecutive quarterly declines. The bank's Bitcoin ETF exposure remained significant, with IBIT valued around $250 million, though some Bitcoin ETF positions shifted. Additionally, Wells Fargo sharply reduced its Galaxy Digital shares while more than doubling its stake in Strategy, a major public Bitcoin holder. This move highlights continued institutional interest in regulated crypto products despite market volatility.

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