Wells Fargo increased its holdings of ETH ETF in the first quarter, while also significantly increasing its holdings of Strategy stocks.

According to Mars Finance, Wells Fargo's latest 13F filing shows that it increased its holdings in several Ethereum spot ETFs in the first quarter of 2026, including BlackRock ETHA and Bitwise ETHW. Specifically, ETHA holdings increased from approximately 672,600 units in the fourth quarter of 2025 to approximately 1.1 million units, an increase of approximately 63.5%; ETHW holdings increased from approximately 186,800 units to approximately 257,000 units, an increase of approximately 37%. As of the end of the first quarter, Wells Fargo's total ETH ETF holdings were worth approximately $21.5 million. In contrast, its Bitcoin ETF holdings showed a divergence: IBIT holdings decreased slightly, while BITB and Grayscale Bitcoin Mini Trust ETF holdings increased by approximately 24% and 41%, respectively. Currently, IBIT remains its largest crypto ETF holding, with a size of approximately $250 million. In addition, Wells Fargo significantly adjusted its cryptocurrency-related stock positions, reducing its holdings in Galaxy Digital by approximately 97% while increasing its holdings in Strategy from approximately 322,700 shares to 726,000 shares, an increase of approximately 125%.