Third-Largest US Bank Reveals Spot Bitcoin ETF Exposure, Igniting Market Optimism

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Wells Fargo, the third-largest U.S. bank, has disclosed its spot Bitcoin ETF exposure, fueling optimism in the market. In fact, the wealth manager joins a growing list of firms welcoming Bitcoin ETFs, according to a new filing with the SEC. This step follows the spot ETF approval on January 11, with Wells Fargo holding positions in Grayscale’s Bitcoin ETF, ProShares Bitcoin Futures ETF, and others. This disclosure points at a renewed institutional interest amid the recent market fluctuations. It potentially influences a new market direction. In addition, analysts predict a bullish momentum for Bitcoin price at $150,000