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Intesa Sanpaolo doubles crypto exposure to $235M in Q1 2026, adding Ethereum and XRP positions.

Market News
16 May 2026
Blockonomi
View Source
Bullish
pluang ai news

Italy's largest bank, Intesa Sanpaolo, more than doubled its cryptocurrency holdings from $100 million in Q4 2025 to $235 million by the end of Q1 2026. The bank entered new positions in Ethereum via BlackRock’s iShares Staked Ethereum Trust and in XRP through the Grayscale XRP Trust, while also increasing Bitcoin holdings through multiple ETFs. It sharply reduced its Solana exposure but boosted investments in crypto infrastructure stocks like Coinbase and BitGo. This move signals a strategic shift toward expanding its digital asset portfolio for proprietary trading purposes, with Ripple recently providing custody services for its XRP holdings.

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Bitcoin dips below $60K amid ETF outflows and Fed hawkishness, while AI stocks rebound strongly.

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Market News
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Since its peak in October 2025, the cryptocurrency market has lost over $2.2 trillion in value, dropping from $4.27 trillion to $2.02 trillion by June 2026. Bitcoin fell 53% from its all-time high of $126,200 to $59,000, while Ethereum declined 67%. ...

Market News
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Neutral
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