Wells Fargo Sells 75,102 IBIT Shares, Trims Bitcoin ETF Exposure
The post Wells Fargo Sells 75,102 IBIT Shares, Trims Bitcoin ETF Exposure appeared on BitcoinEthereumNews.com. Bitcoin News Wells Fargo has trimmed its direct Bitcoin (BTC) ETF exposure, selling 75,102 shares of BlackRock’s iShares Bitcoin Trust while cutting stakes across Invesco, ARK 21Shares and Fidelity spot Bitcoin funds. The moves surfaced in the bank’s latest 13F filing (SEC EDGAR), the quarterly disclosure large managers submit on their holdings. The roughly $2.5 trillion institution did not exit Bitcoin entirely, but our reading of the filing points to a more defensive posture on an asset it once held as a core position. The rebalancing arrived alongside heavier put-option exposure on IBIT, signaling downside hedging rather than an outright retreat from the market. The same disclosure shows the bank leaned harder into Bitcoin-proxy equities. Wells Fargo lifted its stake in Strategy — the treasury firm formerly known as MicroStrategy that holds a large Bitcoin reserve — by 125%