Wells Fargo increased its Ethereum ETF and Strategy stock holdings in Q1 2025, signaling broader crypto exposure.

Wells Fargo's Q1 2025 SEC filing shows increased holdings in an Ethereum ETF and Strategy stock, a Bitcoin proxy. This suggests the bank is diversifying its digital asset exposure through regulated instruments. However, 13F filings only provide a quarterly snapshot and may not reflect current positions. The next filing in Q2 2025 will clarify if this is a sustained trend or a short-term move.