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Wells Fargo's Q1 2026 13F filing with the SEC reveals a significant ramp-up in the bank's Ethereum ETF exposure. Its position in BlackRock's iShares Ethereum Trust (ETHA) jumped from roughly 672,600 shares in Q4 2025 to approximately 1.1 million shares — a 63.5% increase — while its Bitwise Ethereum ETF (ETHW) holdings climbed 37% to 257,000 shares.
The filing also shows Wells Fargo reshuffling its broader crypto book: the bank boosted its stake in Strategy and trimmed its Galaxy Digital position, suggesting a deliberate rotation rather than a blanket risk-off move. The Ethereum ETF build is the headline number, but the portfolio-level shift signals that institutional allocators are actively reweighting within crypto, not just adding exposure at the edges.
For the Ethereum market, a 13F disclosure of this size from a major US bank carries weight beyond the share count — it normalises…
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