Bitcoin News Today: Wells Fargo Cantor Fitzgerald Jane Street Boost Bitcoin ETF and Equity Holdings

Leading Wall Street institutions have significantly increased their Bitcoin exposure in recent months, with billions flowing into Bitcoin ETFs and crypto-related equities [1]. Platforms such as Quiver Quantitative reveal these firms are actively building their portfolios in both digital asset funds and stocks of firms focused on the cryptocurrency market, signaling a broader institutional acceptance of the asset class.

Wells Fargo has notably ramped up its Bitcoin exposure, increasing its stake in BlackRock’s iShares Bitcoin Trust (IBIT) to over $160 million by the end of the second quarter, up from just $26 million in the first quarter [1]. The bank also increased its holdings in MicroStrategy (now known as Strategy) by approximately $143 million, bringing its total investment in the software firm to $291 million. In addition to IBIT, Wells Fargo maintains a smaller position in Grayscale’s GBTC, holding around $200,000 worth of the fund [1]. These actions highlight the bank’s balanced approach to crypto investing through both ETFs and equities.

Cantor Fitzgerald, under the leadership of Howard Lutnick’s children, has also made significant moves in the crypto space, boosting its Bitcoin ETF positions to over $250 million [1]. The firm added approximately $150 million in Fidelity’s FBTC ETF while reducing its exposure in IBIT by $16 million during the quarter. Beyond ETFs, Cantor Fitzgerald’s portfolio includes roughly $2 billion in crypto-related equities, including shares in MicroStrategy, Coinbase, Robinhood, and Bitcoin mining firms Riot Platforms and Terawulf [1]. The firm’s strategy reflects its long-standing pro-crypto stance, supported by historical investments in Bitcoin-related ventures such as Twenty One Capital. Cantor Fitzgerald also maintains a significant working relationship with Tether, the largest stablecoin issuer [1].

Meanwhile, Jane Street Group, a prominent global trading firm, has positioned itself heavily in the Bitcoin ETF market [1]. The firm holds $1.46 billion in IBIT shares, making it the largest single position in its portfolio—surpassing its $1.41 billion stake in Tesla [1]. Jane Street also increased its holdings in Strategy to $64 million while reducing its exposure in FBTC by $231 million, leaving a remaining position of $404 million [1]. Other holdings include shares in Coinbase and IREN, showcasing Jane Street’s diversified strategy for digital asset exposure.

These developments suggest a growing institutional interest in Bitcoin and related equities, as traditional financial players increasingly allocate capital to the digital asset space. The trend is being driven not only by the performance of Bitcoin itself but also by the infrastructure and companies supporting its ecosystem.

Source: [1] Wall Street giants amplify Bitcoin investments through ETFs and equities (https://cryptoslate.com/wall-street-giants-amplify-bitcoin-investments-through-etfs-and-equities/)