Italy’s Largest Bank Dumps BTC ETF for Staked Ethereum ETF
In Bitcoin ETF news today, Intesa Sanpaolo, Italy’s largest bank, filed its Q2 2026 Form 13F, the SEC’s mandatory quarterly disclosure of institutional long positions in US-listed securities, on August 4, and the numbers tell a sharp story.
The bank slashed its BlackRock iShares Bitcoin Trust (IBIT) position by roughly 94% while tripling its stake in BlackRock’s staked Ethereum product, even as both assets fell hard during the quarter.
Italy’s Largest Bank Intesa Sanpaolo Cuts IBIT Stake 94%, Triples Staked Ethereum ETF Holdings
Italy’s largest banking group, Intesa Sanpaolo, reported in its latest Form 13F that, as of June 30, its common-share position in BlackRock’s iShares Bitcoin Trust (IBIT) fell 93.7%… pic.twitter.com/A5YjlWyym9
- Wu Blockchain (@WuBlockchain) August 4, 2026
This news dropped as Bitcoin sits at around $64,000, up +0.7% over the past 24 hours, while Ethereum trades for roughly $1,850, up just +0.3% in the same timeframe.
The broader crypto market is up +1.7% since yesterday, with the total market cap sitting at $2.27 trillion and daily trading volume sitting at over $53Bn, up from $48Bn the day before.
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