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Key Takeaways
Wells Fargo increased its stake in BlackRock’s iShares Bitcoin (
$75,799.00 ) Trust from $26 million to over $160 million in Q2 2025.
The bank also expanded its investments in other Bitcoin ( $75,799.00 ) ETFs, including Invesco Galaxy Bitcoin ( $75,799.00 ) ETF (BTCO) and Grayscale’s funds.
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Wells Fargo increased its holdings in BlackRock’s Bitcoin ( $75,799.00 ) ETF, the iShares Bitcoin ( $75,799.00 ) Trust (IBIT), during the second quarter of 2025, according to a new SEC filing.
The fourth-largest bank in the US by asset size disclosed that it held over $160 million worth of IBIT shares as of June 30, up from over $26 million at the end of the first quarter, the filings shows.
Source: SEC
Bloomberg reported last February that Bank of America’s Merrill and Wells Fargo started providing spot Bitcoin ( $75,799.00 ) ETFs to brokerage clients in their wealth management units upon request.
In addition to IBIT, Wells Fargo boosted its stake in the Invesco Galaxy Bitcoin ( $75,799.00 ) ETF (BTCO) from $2.5 million to around $26 million in Q2.
Between March and June, Wells Fargo’s stake in the Grayscale Bitcoin ( $75,799.00 ) Mini Trust also grew from about $23,000 to $31,500, and its GBTC holdings climbed from $146,000 to over $192,000.
The firm also reported smaller positions in Bitcoin ( $75,799.00 ) funds managed by ARK Invest/21Shares, Bitwise, CoinShares/Valkyrie, Fidelity, and VanEck, as well as spot Ethereum (
$2,077.07 ) ETFs.
In related developments, Abu Dhabi’s sovereign wealth fund Mubadala maintained its position of 8,7 million IBIT shares valued at $534 million as of June 30, according to an SEC filing.
Al Warda Investments, managed by the Abu Dhabi Investment Council, reported holding 2,4 million IBIT shares worth $147 million at the end of June.
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