In a recent SEC filing, Wells Fargo announced its investments in Grayscale's spot Bitcoin ETF.
Wells Fargo, the third-largest bank in the U.S., recently revealed its investments in a spot Bitcoin Exchange-Traded Fund (ETF) through a filing with the U.S. Securities and Exchange Commission (SEC). The bank's investment portfolio now includes positions in Grayscale's spot Bitcoin ETF as well as the ProShares Bitcoin Strategy futures ETF and shares in Bitcoin Depot Inc., the largest Bitcoin ATM provider in the market.
Grayscale's spot Bitcoin ETF, in particular, has been a focal point for institutional investors seeking to capitalize on the Bitcoin's market movements. The SEC-approved product has seen growing interest since its introduction earlier this year, and Wells Fargo's participation marks a notable entry by a major financial institution into this space.
The news comes on the heels of another significant disclosure from Susquehanna International Group, LLP, which reported holding $1.8 billion in spot Bitcoin ETFs.
