Major Wall Street institutions, including Wells Fargo, Cantor Fitzgerald, and Jane Street, have sharply increased their Bitcoin-related holdings over the past months.
As of June 30, the bank held over $160 million worth of IBIT shares, up sharply from roughly $26 million at the end of the first quarter.
Meanwhile, the financial institution also maintained a modest exposure of $200,000 to Grayscale’s GBTC.
Outside these ETFs, the bank increased its Strategy’s holdings by approximately $143 million, bringing its total exposure to the Bitcoin-focused software firm to $291 million.
These moves highlight the bank’s dual ETF-based and equity-driven crypto investment strategy.
Outside of the Bitcoin-related ETFs, the firm’s crypto-related equities holdings in Strategy’s MSTR, Coinbase, Robinhood, Bitcoin miners Riot Platforms, and Terawulf are worth around $2 billion.
The firm also increased its Strategy shares to $64 million while reducing exposure to Fidelity’s FBTC by $231 million, leaving a remaining $404 million position.
