Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the largest bank in the world by market value. It is the fourth largest bank in the U.S. by assets and the 2nd largest bank by market […]
Wells Fargo & Company is an American multinational banking and financial services holding company which is headquartered in San Francisco, California, with “hubquarters” throughout the country. It is the largest bank in the world by market value. It is the fourth largest bank in the U.S. by assets and the 2nd largest bank by market capitalization. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit cards. Wells Fargo ranked 10th among the Forbes Global 2000 (2015) and the 30th largest company in the United States, according to Fortune 500 (2015).
At the current percentage, institutional investors own up to 21.15% share of the total Assets Under Management (AUM) in Bitcoin ETFs.
Cohen explained that Bitcoin and Ethereum have met the financial giant’s expectations, and no other crypto has attained the same level of investor interest and demand.
The launch of the spot Bitcoin ETFs in the United States has been a highly successful event with assets under management close to $55 billion within six months of launch.