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- Intesa Sanpaolo reduced its position in IBIT common shares by 93,7% in the second quarter.
- At the same time, the bank more than tripled its assets in BlackRock's ETHB.
Italy's largest banking group, Intesa Sanpaolo, sharply reduced its stake in the second quarter. Bitcoin-iShares fund Bitcoin Trust (IBIT) BlackRock. At the same time, the bank more than tripled its holdings of ETHB from the same company.
According to According to According to the 13F, as of June 30, Intesa Sanpaolo owned 40,723 IBIT shares, a 93,7% decrease from the 646,809 shares reported as of March 31. The report also indicates a significant change in the fund's reported call option position. The number of underlying shares linked to the call option decreased from 2,496,500 to 18,000, a decrease of more than 99%. Bitwise Positions Solana Staking ETF also fell from 2817 to just seven shares.
At the same time, the bank’s share in the iShares Staked exchange-traded fund Ethereum Trust ETF rose from 116,200 to 349,600 shares.
For the first half of 2026, Intesa reported total assets of €992,67 billion and net profit of €5,55 billion.
Efirium- BlackRock's fund, trading under the ticker ETHB, combines the opportunity to profit from the market price of ether with the rewards of staking portion of its assets. As of early August, the fund's net assets, which launched on the Nasdaq exchange in February 2026, amounted to approximately $562,5 million.
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