Italy's largest bank offloaded its entire holdings of Bitcoin spot ETF and significantly increased its positions in Ethereum spot ETF.
2026.08.04 17:29:24
Italy’s largest bank, Intesa Sanpaolo, disclosed in a 13F filing that it cut its holdings of IBIT common shares from 646,809 to 40,723 at the end of the second quarter, a 93.7% drop. The lender also reduced the underlying share count of its IBIT call options from 2,496,500 to 18,000, a 99.3% decline. While trimming its Bitcoin spot ETF positions, Intesa Sanpaolo added IBIT put options and lifted its stake in the iShares Staked Ethereum ETF from 116,200 shares to 349,600, an increase of just over threefold.
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