Wells Fargo Boost Bitcoin ETF to $160M for Q2 as Demand Big
US bank Wells Fargo don increase how dem hold Bitcoin ETF for Q2 2025, dem raise im stake for BlackRock’s iShares Bitcoin Trust (IBIT) from $26M to pass $160M. Dem still grow im position for Invesco Galaxy Bitcoin ETF (BTCO) from near $3M to $26M and add small GBTC and Bitcoin Mini Trust allocations. Other tori include dem get stake for ARK Invest/21Shares, Bitwise, CoinShares/Valkyrie, Fidelity, VanEck, and spot Ethereum ETFs. Separate filing show say Harvard University hold $117M of IBIT, while BlackRock’s trust get about 660,842 BTC, dey near the 1.1M BTC ‘Satoshi’ benchmark. These moves happen as Bitcoin reach new highs and regulatory climate dey favorable for crypto, showing say institutional demand dey rise sharply and market dey stable.
Bullish
Di big increase wey happen for Wells Fargo Bitcoin ETF holdings mean say institutional confidence strong well well, and this kain confidence dey usually cause trading volumes to high plus price support. For short term, big money wey dey enter IBIT and BTCO fit keep Bitcoin price up because demand go increase plus positive market feeling go dey. For long term, as big big banks dey increase dem holdings again and again plus Harvard University and other institutions dem dey join body, e mean say buying pressure go dey steady and market go mature well. This one together with crypto-friendly regulations mean say policy risk don reduce, e dey promote stability and e dey encourage more institutions to enter the market, this one dey make future for BTC to dey bullish well.