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16/05/26 00:35 UTC-04

Italy’s Largest Bank Begins Major Push Into XRP and Ethereum!

Italy’s largest bank, Intesa Sanpaolo, significantly increased its cryptocurrency-related holdings during the first quarter of 2026.

According to the released data, the bank expanded its crypto-related assets from approximately $100 million in the fourth quarter of 2025 to around $235 million as of March 31.

According to the published table, the bank’s largest position is concentrated in spot Bitcoin ETFs. Intesa Sanpaolo’s position in the ARK 21Shares Bitcoin ETF increased from $2.49 million to $3.61 million, while its stake in the iShares Bitcoin Trust ETF rose from $470,000 to approximately $647,000. The bank also opened a new $2.49 million position in call options tied to the iShares Bitcoin ETF.

The bank also invested in Ethereum for the first time. Intesa Sanpaolo made a new ETH investment by acquiring approximately 3.15 million shares through the iShares Staked Ethereum Trust.

On the other hand, the bank also entered the market for Ripple-related products. According to the data, Intesa Sanpaolo established a new XRP position worth approximately $18 million by purchasing 712,319 shares of the Grayscale XRP Trust.

At the same time, the bank significantly reduced its exposure to Solana. Its stake in the Bitwise Solana Staking ETF dropped from $266,000 to just $2,817. This indicates that the bank restructured its portfolio during the first quarter, shifting its focus toward Bitcoin and Ethereum.

See also: "Strategy Makes a New $1.5 Billion Announcement: Did the Company Sell Bitcoin?"

#XRP (XRP) #Reserve #Ethereum (ETH) #Bank

Editor: Alyona Nabok
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