In a recent filing with the Securities and Exchange Commission (SEC), Wells Fargo, one of the largest banks in the United States, disclosed its exposure to spot Bitcoin Exchange-Traded Funds (ETFs).Â
— Bitcoin Magazine (@BitcoinMagazine) May 10, 2024
According to the filing, Wells Fargo holds positions in Grayscale's spot Bitcoin ETF, ProShares Bitcoin Strategy futures ETF, and shares in Bitcoin Depot Inc., marking a notable entry into the Bitcoin market. Spot Bitcoin ETFs enable investors to gain exposure to Bitcoin's price movements without directly owning the asset, making them a popular choice among institutional investors seeking a more regulated investment vehicle for BTC.
The news of Wells Fargo's spot Bitcoin ETF exposure comes amid a broader trend of institutional adoption of Bitcoin, with several major banks and financial institutions exploring ways to incorporate BTC into their offerings and get exposure to the asset.
Earlier this week, investment firm giant Susquehanna International Group, LLP revealed in an SEC filing that it holds $1.8 billion in spot Bitcoin and other Bitcoin ETFs, joining the wave of massive financial institutions disclosing their exposure to BTC.Â
Your account isn't verified. An email has been sent to the address you specified
on registration with an activation link. Please check your inbox (and also your spam box)
and follow the instructions in our message. If the mail doesn't arrive after several
attempts, please request support to the website staff.
The password doesn't match with the one registered for this account.
Sorry, but you can't login at this time. Please try again later.
The device you're connecting from is disabled.
Your IP address isn't allowed to login on this account. Please check your email for further actions.
Sorry, but the verification code must be numeric and should be six digits.
2FA verification failed. Please try again. If the problem persists, please contact our tech support staff.
Sorry, but your IP address has been blocked due to excess of login attempts.
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
Login attempt failed.
Â
WARNING: you have one last attempt to login.
Â
Your IP address will be blocked after the next failed attempt.
Host blocked: ec2-3-15-26-184.us-east-2.compute.amazonaws.com
Â
Sorry, but your gateway or host is blocked here.
Â
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
IP blocked: 3.15.26.184
Â
Sorry, but your IP address is blocked here.
This may be caused by an excess of failed login attempts or
an administrator that has detected a bruteforce attack from your IP.
Â
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
Country blocked: United States
Â
Sorry, but your country is blocked here.
Â
If you think this is an error, please send us an email to admin@growbot.club.
We will reply as soon as possible.
This device is not registered. An email has been sent to your address with a token to authorize this device permanently.
Please check your email(s) for a token to reset your password. Don't forget to check your spambox!
0
Media gallery browser
Sorry, but the item type you selected isn't currently supported. It can't be inserted.
We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic.
By clicking "Accept All" you consent to our use of cookies, which are protected under the terms of our Privacy Policy.
Preferences are stored in your browser for 60 days, and you can remove them at any time.
Wells Fargo bank reveals it has spot #Bitcoin ETF exposure in new SEC filing
pic.twitter.com/H1iY9puKVb
