Oh, you’re not going to believe this one. Wells Fargo, you know, the bank that’s usually too busy with… whatever it is that banks do, suddenly decides to bulk up its Bitcoin ETF holdings by a ridiculous amount. We’re talking about increasing their stash from $26 million to over $160 million in just a couple of months between Q1 and Q2 of 2025. How? Well, SEC filings dropped this bomb in August. But hey, who cares, right? It’s just a little $134 million bump. No big deal.
And it doesn’t stop there. Oh no, they didn’t just stop at BlackRock’s iShares Bitcoin Trust ETF. They also decided to throw in some money into Invesco’s Galaxy Bitcoin ETF (BTCO), taking that from a humble $3 million to $26 million. Oh, and they tossed a couple of crumbs into Grayscale’s Mini Trust and Bitcoin Trust too. Just a few extra pennies for the cryptocurrency buffet.
The real kicker? Bitcoin, the “digital gold” that everyone keeps talking about, is doing… pretty well. It’s hitting new all-time highs throughout 2025 while US government agencies finally decide to stop fighting it and start… well, regulating it. Yeah, good job, government. You’re almost there.
Institutional Adoption Grows as BlackRock Gets Closer to That Satoshi-Level Hoard
Wells Fargo is not just a random player in this game. They’re now one of the biggest institutional players in the Bitcoin ETF space. Oh, and they just happen to be the third-largest bank in the US, managing, you know, a *tiny* bit of money-like, over $70 million customers globally. No pressure, right?
But hey, Wells Fargo’s not alone in this. No, no, no. Even Harvard decided to jump in on the Bitcoin ETF fun, holding a casual $117 million worth of shares in BlackRock’s IBIT by the end of Q2 2025. Yeah, Harvard. That place where they *definitely* have more important things to do than just play with Bitcoin. But whatever. It’s just a couple of million, right?
And the cherry on top? BlackRock iShares Bitcoin Trust now holds a whopping 660,842 Bitcoins. That’s $69.6 billion in assets. Yep. Billion. BlackRock is just one Bitcoin away from officially being one of those mythical “Satoshi Nakamoto” wallets with 1.1 million BTC. And there are only 19.6 million Bitcoins out there-ever. I mean, I guess that means BlackRock could be sitting on a stash big enough to make even Nakamoto break a sweat. Way to go, BlackRock!
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2025-08-16 00:55