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Wells Fargo, the third-largest US bank by asset size, has disclosed its investments in various Bitcoin ETFs through its latest SEC filings. The bank’s holdings include the Grayscale Bitcoin Trust (GBTC), Bitcoin Depot Inc., and the ProShares Bitcoin Strategy ETF (BITO), signifying a growing acceptance of crypto among traditional financial institutions.
Speaking of acceptance, Colombian President Gustavo Petro faces allegations of accepting over $500,000 worth of tokens from a scam crypto project to finance his 2022 campaign. A former contractor for the token project claims that the illicit donation was discussed during a February 2022 meeting between the project’s co-founder and Petro’s then-campaign manager.
On the macro side, a CoinGecko report shows that one out of five cryptos in the Top 300 by market cap has the majority of their supply locked, with impending token unlocks expected to exert additional pressure on the crypto market. Meme coins like Pepe (PEPE) and dogwifhat (WIF) comprise a significant portion of the fully diluted cryptos launched in recent years, underscoring the growing narrative of meme coins in the crypto market.
- Wells Fargo holds Bitcoin spot ETF investments, SEC filings show
- Colombian President allegedly accepted $500,000 in illicit crypto donation for 2022 campaign
- 20% of top 300 cryptos have majority of their supply locked: CoinGecko
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Data powered by CoinGecko.
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Wells Fargo holds Bitcoin spot ETF investments, SEC filings show
The SEC filings reveal that Wells Fargo’s investments in Bitcoin ETFs span across various…
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