Wells Fargo Takes a $9.18 Million Stake in Bitwise XRP ETF

Wells Fargo, the fourth-largest bank in the US, has disclosed its investment in the Bitwise XRP ETF. According to its latest quarterly securities filing with the SEC, Wells Fargo holds a combined position of roughly $9.18 million in the ETF.

The 13F-HR form, submitted on August 14 and covering holdings as of June 30, marks the largest single institutional allocation to the Bitwise product reported so far this quarter.

Wells Fargo's disclosure is part of a broader trend among traditional financial institutions toward digital asset products delivered through regulated ETF vehicles. This quarter has seen a record number of institutional filings tied to XRP products, including those from Citadel and Gallacher Capital Management.