Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Crypto

Italy's Largest Bank Shifts Focus from Bitcoin to Ethereum

Guavy AI Editorial Team
Instruments
BTC ETH
Share

Italy's largest bank, Intesa Sanpaolo, has made significant changes to its cryptocurrency holdings. According to the latest Form 13F filing, the bank cut its stake in BlackRock's iShares Bitcoin Trust (IBIT) by a staggering 93.7% as of June 30.

The bank's common-share position in IBIT dropped from 40,723 shares to just 2,600 shares. Intesa Sanpaolo also introduced a new put position equivalent to 500,000 IBIT shares.

However, the bank made a notable shift towards Ethereum-based investments. Its holdings in the iShares Staked Ethereum Trust ETF surged from 116,200 to 349,600 shares, indicating a strong pivot towards Ethereum amid a fluctuating crypto market.

More on Crypto

Crypto just now

Hashdex Bitcoin ETF Faces Liquidation Amid Financial Strains

Crypto 1m ago

AI Bubble: A Credit Story, Not an Earnings Story

Crypto 2m ago

AI-Powered Attacks Force Boltz to Halt Bitcoin Swap Services

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy