Bitcoin

Wells Fargo, the Third Largest Bank in America, Revealed as Owner of Bitcoin ETFs in SEC Filing


In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, revealed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs). According to the filing, Wells Fargo holds positions in Grayscale’s spot Bitcoin ETF, ProShares Bitcoin Strategy futures ETF, and shares in Bitcoin Depot Inc., marking a significant entry into the Bitcoin market. Spot Bitcoin ETFs allow investors to track Bitcoin’s price movements without owning the asset directly, making them a popular choice among institutional investors looking for a more regulated investment option for BTC.

The news of Wells Fargo’s exposure to spot Bitcoin ETFs coincides with a larger trend of institutional adoption of Bitcoin, with many major banks and financial institutions exploring ways to incorporate BTC into their offerings and gain exposure to the asset. Earlier this week, investment firm giant Susquehanna International Group, LLP disclosed in an SEC filing that it holds $1.8 billion in spot Bitcoin and other Bitcoin ETFs, adding to the list of massive financial institutions disclosing their exposure to BTC. Click the image to learn more.

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