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Intesa Sanpaolo cuts Bitcoin ETF holdings by 94%, triples Ethereum ETF stake in Q2 2026

Market News
04 Aug 2026
AMBCrypto
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Neutral
Intesa Sanpaolo cuts Bitcoin ETF holdings by 94%, triples Ethereum ETF stake in Q2 2026

In Q2 2026, Italy's Intesa Sanpaolo drastically reduced its Bitcoin exposure by cutting its shares in BlackRock's iShares Bitcoin Trust from 648,923 to 40,723, a 93.7% drop. It also nearly eliminated its Bitcoin call options while adding a large put option position, signaling a more cautious or complex strategy. Meanwhile, the bank nearly tripled its holdings in the iShares Staked Ethereum Trust ETF, increasing from 116,200 to 349,600 shares, showing a clear shift toward Ethereum-based investments. This move may reflect broader market trends where Bitcoin ETFs faced significant outflows, while Ethereum and altcoins attracted more interest, though recent data shows mixed flows for both assets.

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