Wells Fargo increased ETH spot ETF holdings in Q1

Major Wall Street investment bank Wells Fargo expanded its holdings in spot ETH ETFs during the first quarter, Cointelegraph reported. According to a filing with the U.S. SEC, Wells Fargo increased its holdings of BlackRock's ETHA by 63.5%, from 672,600 shares in the fourth quarter of last year to 1.1 million shares in the first quarter. Over the same period, its holdings of Bitwise's ETHW grew by 37%, from 186,800 shares to 257,000. In contrast, the bank's movements in spot BTC ETFs were mixed. While its holdings in BlackRock's IBIT saw a slight decrease, its stakes in Bitwise's BITB and Grayscale's Mini BTC increased by approximately 24% and 41%, respectively.