In a recent filing<\/a> 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).\u00a0<\/p>\n

JUST IN: \ud83c\uddfa\ud83c\uddf8 Wells Fargo bank reveals it has spot #Bitcoin<\/a> ETF exposure in new SEC filing \ud83d\udc40 pic.twitter.com\/H1iY9puKVb<\/a><\/p>\n

\u2014 Bitcoin Magazine (@BitcoinMagazine) May 10, 2024<\/a><\/p>\n

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.<\/p>\n

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.<\/p>\n

Earlier this week, investment firm giant\u00a0Susquehanna International Group, LLP\u00a0revealed<\/a> 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.\u00a0<\/p>\n

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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).\u00a0 JUST IN: \ud83c\uddfa\ud83c\uddf8 Wells Fargo bank reveals it has spot #Bitcoin ETF exposure in new SEC filing \ud83d\udc40 pic.twitter.com\/H1iY9puKVb \u2014 Bitcoin Magazine (@BitcoinMagazine) May […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25029","post","type-post","status-publish","format-standard","hentry","category-crypto-news"],"_links":{"self":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25029","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/comments?post=25029"}],"version-history":[{"count":0,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/posts\/25029\/revisions"}],"wp:attachment":[{"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/media?parent=25029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/categories?post=25029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoins-101.com\/wp-json\/wp\/v2\/tags?post=25029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}