Wells Fargo Embraces Bitcoin with Spot ETF Holding
Background Wells Fargo, a leading US bank, has disclosed that it now holds a spot Bitcoin exchange-traded fund (ETF) on behalf of its clients. This move signals a shift in the bank’s stance towards digital assets. Grayscale Bitcoin Trust (GBTC) The ETF held by Wells Fargo is the Grayscale Bitcoin Trust (GBTC), which was converted…
