Intesa Sanpaolo Cuts IBIT 93.7% in Q2, Triples ETHB Stake

Italian bank Intesa Sanpaolo slashed BlackRock IBIT holdings by 93.7% in Q2 while tripling its stake in ETH staking ETF ETHB, signaling a strategic pivot toward Ethereum yield products.

Woofun AI data shows that Intesa Sanpaolo disclosed its Q2 2026 securities positions, revealing a sharp reduction in BlackRock's Bitcoin spot ETF "IBIT" from 646,800 to 40,700 shares, a decline of approximately 93.7%. Holdings in "ARKB" dipped slightly from 3.6076 million to 3.4736 million shares. Conversely, the bank increased its position in BlackRock's Ethereum staking ETF "ETHB" from 116,200 to 349,600 shares, more than tripling its exposure. Grayscale's XRP ETF "GXRP" remained static at 712,300 shares, while Bitwise's staked Solana ETF "BSOL" fell from 2,817 to just 7 shares. Equity holdings saw Coinbase shares drop to 7,000 from 10,357, whereas BitGo shares rose to 323,000 from 165,600. The bank also acquired 10,000 shares of Hyperliquid Strategies.