{"id":25029,"date":"2024-05-10T17:01:52","date_gmt":"2024-05-10T17:01:52","guid":{"rendered":"https:\/\/bitcoins-101.com\/2024\/05\/10\/wells-fargo-americas-third-largest-bank-owns-spot-bitcoin-etfs-sec-filing\/"},"modified":"2024-05-10T17:01:52","modified_gmt":"2024-05-10T17:01:52","slug":"wells-fargo-americas-third-largest-bank-owns-spot-bitcoin-etfs-sec-filing","status":"publish","type":"post","link":"https:\/\/bitcoins-101.com\/2024\/05\/10\/wells-fargo-americas-third-largest-bank-owns-spot-bitcoin-etfs-sec-filing\/","title":{"rendered":"Wells Fargo, America&#8217;s Third Largest Bank, Owns Spot Bitcoin ETFs: SEC Filing"},"content":{"rendered":"<p>In a recent <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/72971\/000007297124000139\/0000072971-24-000139.txt\">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<p>JUST IN: \ud83c\uddfa\ud83c\uddf8 Wells Fargo bank reveals it has spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF exposure in new SEC filing \ud83d\udc40 <a href=\"https:\/\/t.co\/H1iY9puKVb\">pic.twitter.com\/H1iY9puKVb<\/a><\/p>\n<p>\u2014 Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1788962543836303563?ref_src=twsrc%5Etfw\">May 10, 2024<\/a><\/p>\n<p>According to the filing, Wells Fargo holds positions in Grayscale&#8217;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&#8217;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<p>The news of Wells Fargo&#8217;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<p>Earlier this week, investment firm giant\u00a0Susquehanna International Group, LLP\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/markets\/investment-firm-discloses-over-1-8-billion-in-bitcoin-etf-holdings-in-sec-filing\">revealed<\/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<p>                        <a href=\"https:\/\/bm.b.tc\/unchained-bmag-dot-com\"><\/a><br \/>\n                        <em>Click the image to learn more.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/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"}],"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}]}}