Intesa Sanpaolo Triples Staked Ethereum ETF Holdings

TLDR

• Intesa Sanpaolo cut its common IBIT position by 93.7% during the second quarter.
• The bank reduced its held IBIT call exposure from 2.49 million to 18,000 underlying shares.
• A new IBIT put row representing 500,000 underlying shares appeared in the June filing.
• Intesa Sanpaolo more than tripled its holdings of staked Ethereum ETF shares to 349,600.
• Its Bitwise Solana Staking ETF position fell from 2,817 shares to only seven.

Italy’s largest banking group, Intesa Sanpaolo, sharply reduced its reported iShares Bitcoin Trust ETF exposure during the second quarter. The bank cut its common IBIT stake by about 94% and reduced the underlying-share amount of its held call position by 99.3%. At the same time, it tripled its holdings of the iShares Staked Ethereum Trust ETF.

Intesa Sanpaolo Cuts Common IBIT Position

Intesa Sanpaolo reported 40,723 IBIT shares as of June 30, down from 646,809 shares on March 31. The change represents a 93.7% quarter-over-quarter reduction in its common position. The bank disclosed the latest figures in a Form 13F filed on July 31.

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