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Intesa Sanpaolo more than doubled crypto exposure to $235M in Q1 2026, adding Ether and XRP, cutting Solana.

Market News
17 May 2026
Crypto news
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Bullish
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In the first quarter of 2026, Intesa Sanpaolo increased its crypto exposure from about $100 million to $235 million, mainly by expanding its Bitcoin ETF holdings. The bank added new positions in Ether via BlackRock’s iShares Staked Ethereum Trust and XRP through the Grayscale XRP Trust, valued at around $26 million. Meanwhile, it sharply reduced its Solana exposure, nearly exiting its Bitwise Solana Staking ETF. This shift reflects a more selective crypto strategy, focusing on Bitcoin, Ether, and XRP while moving away from Solana. The move highlights growing European bank interest in digital assets and crypto-related products.

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