Wells Fargo Reveals Major Crypto Holdings Across Bitcoin, Ethereum, and Solana ETFs

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TLDR

  • Wells Fargo increased its Strategy stake by 125% to nearly 726,000 shares, adding around $41.5 million in exposure
  • The bank trimmed its BlackRock Bitcoin ETF position by 75,102 shares but rebalanced into other Bitcoin ETFs
  • Ethereum ETF holdings rose 65%, with the bank now holding over 1.10 million BlackRock Ethereum ETF shares
  • Wells Fargo made its first disclosed positions in Solana funds and expanded Bitmine holdings by 828%
  • The bank cut Galaxy Digital by 97% and reduced Coinbase by 25%

Wells Fargo has disclosed a wide range of crypto holdings through its latest SEC filing, showing shifts across Bitcoin, Ethereum, and Solana ETFs, as well as several crypto-related stocks.

The $2.5 trillion bank increased its position in Michael Saylor’s Strategy by 125%, bringing its holding to nearly 726,000 shares. That adds roughly $41.5 million in exposure to the Bitcoin treasury company.

Bitcoin ETF Holdings Rebalanced, Not Cut

While Wells Fargo reduced its BlackRock Bitcoin ETF position by 75,102 shares compared to last quarter, it did not pull back from Bitcoin overall. The bank also trimmed holdings in the Invesco Galaxy Bitcoin ETF, ARK 21Shares Bitcoin ETF, and Fidelity Bitcoin ETF.

At the same time, it added to positions in the Grayscale Bitcoin Mini Trust, Grayscale Bitcoin Trust, and Bitwise Bitcoin ETF. The Bitwise position rose 24% quarter-on-quarter.

The bank also opened a new call position in the BlackRock Bitcoin ETF while increasing its put exposure, moves that came during a period of market uncertainty tied to the U.S.-Iran conflict.

Ethereum and Solana Exposure Expands

Wells Fargo’s Ethereum ETF holdings moved in a different direction. The bank grew its BlackRock Ethereum ETF stake by about 65%, bringing it to more than 1.10 million shares worth around $17.56 million.


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It also holds 257,157 shares of the Bitwise Ethereum ETF, 4,637 shares of the Grayscale Ethereum Staking ETF, and 623 shares of VanEck’s Ethereum ETF.

The filing shows the bank’s first recorded positions in Solana products. Wells Fargo bought 13,280 shares of Grayscale Solana Trust and 1,638 shares of the Fidelity Solana Fund.

On the crypto stocks side, Bitmine Immersion holdings jumped from 2,323 to 21,547 shares, a rise of 828%, lifting Ethereum treasury exposure to around $426,000.

The bank also opened new positions in American Bitcoin Corp, the Trump family-backed Bitcoin treasury company, and Strive Asset Management’s treasury vehicle.

Wells Fargo expanded its Robinhood holding by 65% to about 2.56 million shares. It also opened put option positions in Robinhood valued at nearly $116,000.

Not all crypto stocks gained. Wells Fargo cut its Galaxy Digital stake by about 97% and reduced its Coinbase position by around 25%, according to the SEC filing.

The filing paints a picture of a major bank actively reshaping its crypto exposure, favoring treasury companies and diversified ETF products while scaling back in select individual equities.


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