Wells Fargo (WFC) Announces Investments in Bitcoin ETFs
Wells Fargo(WFC) Zacks Investment Research·2024-05-15 00:41
Per a regulatory filing, Wells Fargo & Company (WFC) has announced exposures to cryptocurrencies through investments in numerous Bitcoin exchange-traded funds (ETFs). The move indicates the increasing interests in digital assets among financial institutions.Per the filing, Wells Fargo has purchased shares of Grayscale's GBTC spot Bitcoin ETF, providing the bank with $141,817 exposure to the digital asset. Additionally, Wells Fargo has invested less than $1,200 in ProShares Bitcoin Strategy ETF (BITO). This ...