Wells Fargo Invests in Bitcoin ETFs Including Grayscale's GBTC

Wells Fargo has disclosed its investments in Bitcoin ETFs, including Grayscale's GBTC, joining other institutions in embracing crypto-based vehicles. The bank has purchased shares of Grayscale's GBTC Spot Bitcoin ETF and has exposure to Bitcoin Depot Inc., a Bitcoin ATM provider. Additionally, Wells Fargo has invested in ProShares Bitcoin Strategy ETF, which offers exposure to $BTC futures. However, the bank's investments in these ETFs are relatively small, with the largest investment being $141,817 in GBTC.