Intesa Sanpaolo cuts iShares Bitcoin Trust ETF call exposure 99.3% in Q2 and triples staked Ethereum ETF stake
AI Market Summary
Intesa Sanpaolo's latest 13F shows a sharp reduction in reported iShares Bitcoin Trust (IBIT) common and call exposure, alongside a newly disclosed IBIT put line, while its iShares staked Ethereum ETF position roughly tripled and Solana staking exposure was nearly eliminated. The filing is a quarter-end snapshot and does not reveal net options risk, but it signals institutional reallocation toward yield-bearing ETH exposure.
Impact level
● Medium
Affected assets
ETH/USDT+0.58%
AI Insight · ETH/USDTAI Insight
● Neutral
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Intesa Sanpaolo rebalanced its crypto-related ETF holdings for the quarter ended June 30, sharply reducing exposure tied to the iShares Bitcoin Trust ETF. The underlying-share amount for its IBIT call position fell 99.3% and its IBIT common-share holding dropped 93.7%, while its iShares Staked Ethereum Trust ETF position rose to 349,600 shares, slightly more than tripling. It also nearly exited the Bitwise Solana Staking ETF and kept its Grayscale XRP Trust ETF position unchanged. The changes were disclosed in the bank’s U.S. SEC Form 13F filing.
