Intesa Sanpaolo cuts Bitcoin ETF stake 94%, triples Ethereum ETF holding in Q2

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Italian banking giant Intesa Sanpaolo dramatically reduced its exposure to BlackRock's iShares Bitcoin Trust (IBIT) by 94% during the second quarter of 2025. At the same time, the bank tripled its position in the iShares Staked Ethereum Trust ETF, signaling a strategic shift in its crypto asset allocation. Overall bitcoin ETF holdings across the tracked segment fell 35% to $69.3 million during the period. The moves came amid a broader slump in cryptocurrency prices during Q2. Intesa Sanpaolo's rebalancing reflects a growing institutional trend of selectively adjusting crypto exposure rather than exiting the asset class entirely.

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