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Italy’s Largest Bank Cuts BlackRock Bitcoin ETF Stake 94%, Triples Ethereum Trust Holdings

Published on August 04, 2026

Categories: Market Analysis Etfs Institutional Adoption Bitcoin Ethereum

Intesa Sanpaolo, Italy's largest banking group, significantly reduced its stake in BlackRock's iShares Bitcoin Trust (IBIT) by 93.7% last quarter. Concurrently, the bank tripled its investment in the iShares Staked Ethereum Trust ETF. This move suggests a potential institutional shift in preference towards yield-bearing Ethereum funds over traditional Bitcoin products.

Intesa Sanpaolo, Italy’s largest banking group, slashed its Bitcoin ETF holding, BlackRock’s iShares Bitcoin Trust (IBIT), by 93.7% last quarter. The bank also tripled its stake in the iShares Staked Ethereum Trust ETF, its new Form 13F shows. The quarterly disclosure adds to evidence that some institutions now favor yield-bearing Ethereum funds over Bitcoin products.

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