Wells Fargo Increases Holdings in Ethereum ETFs in Q1 2026

Wells Fargo has significantly increased its holdings in Ethereum spot ETFs during the first quarter of 2026, according to ChainCatcher. The bank's latest 13F filing reveals an increase in its holdings of BlackRock's ETHA and Bitwise's ETHW. The ETHA holdings rose from approximately 672,600 shares in the fourth quarter of 2025 to about 1.1 million shares, marking a 63.5% increase. Meanwhile, ETHW holdings grew from around 186,800 shares to approximately 257,000 shares, a 37% rise. By the end of the quarter, the total value of Wells Fargo's ETH ETF holdings was approximately $21.5 million. In contrast, Wells Fargo's Bitcoin ETF holdings showed mixed results. The IBIT holdings saw a slight decrease, while holdings in BITB and Grayscale Bitcoin Mini Trust ETF increased by about 24% and 41%, respectively. Despite these changes, IBIT remains the bank's largest crypto ETF holding, valued at approximately $250 million. Additionally, Wells Fargo made significant adjustments to its crypto-related stock positions. The bank reduced its holdings in Galaxy Digital by about 97%, while increasing its holdings in Strategy from approximately 322,700 shares to 726,000 shares, a 125% increase.