During the Q1 of 2026, Wells Fargo file its 13F with the U.S. Securities and Exchange (SEC) on May 12, unveiling a major restructuring of cryptocurrency ETFs portfolio.
The increase in Ethereum ETF involvement gained attention, specifically in BlackRock’s iShares Ethereum Trust (ETHA), which increased to 1.1 million shares, and the Bitwise Ethereum ETF (ETHW), which rose to around 257,000 shares, up 63.5% and 37%. Additionally, Grayscale Ethereum Staking holdings were noted at 4,637 shares.
The increases emerged during a period of ETH’s price weakness. ETH dropped for two (2) consecutive quarters from Q4 2025 to Q1 2026, with a total decline of about 50%. The overall spot Ethereum also persists to project outflows for the three consecutive months, with a total outflow of about $769 million. Despite the overall market inclining towards overselling, Well Fargo’s ETH ETF holdings valued about $21.5 million at the end of Q1.
Bitcoin ETF reflected a diverse change as compared to ETH. While the largest holdings of IBIT (BlackRock’s iShares Bitcoin Trust) shows a slight dropped, BITB (Bitwise Bitcoin ETF) increased by 24%, and the Grayscale Bitcoin Mini Trust ETF rose by 41%, showing a diverse direction of its products. BTC-based ETF totaled a holding of about $250 million, continuing as a main component of the bank’s crypto portfolio.
The Realignment of Cryptocurrency-related ETFs and Shares
Wells Fargo’s assets under management have a major transition not only in ETFs but also in the structure of cryptocurrency-related stocks. Galaxy Digital (GLXY) was lessened by 97% quarte-on-quarter, dropping to around 78,600 shares, valued at roughly $54.7 million.
Conversely, the strategy grew by 125% quarter-on-quarter, approximately 726,000 shares, broadening its visibility of about $41.6 million. This shows persistence on the cryptocurrency-related stocks, with increased angle toward Bitcoin strategies.
Overall, the F13 filing with U.S. SEC gives an overview of Wells Fargo’s portfolio at the end of the quarter. Also, it does not inevitably show a consequent buying or selling or holding intentions, but it shows a widen portfolio realigning with cryptocurrency-related ETFs and shares.
