Intesa Sanpaolo Rebalances Crypto Holdings with Big Cuts to Bitcoin and Solana Exposure

Intesa Sanpaolo, Italy's largest banking group, has made significant changes to its cryptocurrency ETF portfolio. According to its latest Form 13F filing with U.S. regulators, the bank reduced its common-share position in BlackRock's iShares Bitcoin Trust (IBIT) by 93.7% as of June 30, 2026.

The underlying IBIT call option position decreased by 99.3%, falling to just 18,000 shares, while a new put option position equivalent to 500,000 IBIT shares appeared on the books.

In contrast, Intesa Sanpaolo's holding in the iShares Staked Ethereum Trust ETF nearly tripled, climbing from 116,200 to 349,600 shares. Its position in the Bitwise Solana Staking ETF collapsed from 2,817 shares to just seven.