Major Wall Street institutions, including Wells Fargo, Cantor Fitzgerald and Jane Street, have significantly increased their Bitcoin-related holdings in the past few months.
The portfolio of these companies will be updated quantitatively for the stock analytics platform Quiver.
Bitcoin ETFs allow institutional investors to track BTC prices without the complexity of holding digital assets directly.
Fargo boosts Bitcoin exposure
In the second quarter, Wells Fargo significantly expanded its stake in BlackRock’s Ishares Bitcoin Trust (IBIT), the largest Bitcoin-focused fund.
As of June 30, the bank had more than $160 million in IBIT shares, a sharp rise from around $26 million in the first quarter.
Meanwhile, financial institutions also maintain a modest $200,000 exposure to Grayscale’s GBTC.
Outside of these ETFs, the bank has increased its strategy holdings by approximately $143 million, bringing its total exposure to Bitcoin-centric software companies to $291 million.
These moves highlight the bank’s dual ETF-based, equity-driven crypto investment strategy.
Cantor Fitzgerald continues with Crypto Pivot
Canter Fitzgerald, led by the children of Commerce Secretary Howard Lutnick, has also increased his position in the Bitcoin ETF to more than $250 million.
According to Quiver’s quantitative portfolio, the company purchased a Bitcoin exposure of approximately $150 million through Fidelity’s FBTC ETF, reducing its IBIT holdings by $16 million in the second quarter.
Outside of Bitcoin-related ETFs, crypto-related stock holdings from strategy MSTR, Coinbase, Robinhood, Bitcoin Miners Riot Platforms and Terawulf are worth around $2 billion.
These moves coincide with Cantor Fitzgerald’s historic procrypt venture on Bitcoin investment vehicles, including Twenty One Capital.
In particular, the bank also has a significant partnership with Tether, the world’s largest stubcoin issuer.
IBIT controls the Jane Street portfolio
According to a portfolio update, global ownership trading company Jane Street Group currently holds $1.46 billion in IBIT stake, marking the largest single portfolio position, surpassing its $1.41 billion investment in Tesla.
The company also increased its strategic stock to $64 million, leaving the remaining $404 million position, while reducing Fidelity’s exposure to FBTC by $231 million.
Other crypto-related holdings from financial institutions include Coinbase and Aylen, reflecting Jane Street’s diversified approach to digital asset exposure.
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