Intesa Sanpaolo crypto portfolio jump reach $235M as BTC ETFs rise
Intesa Sanpaolo crypto portfolio climb reach about $235M by March 31, 2026, from around $100M at end-2025. Di growth mainly come from Bitcoin-linked ETFs, with more allocation to ARK 21Shares Bitcoin ETF and BlackRock iShares Bitcoin Trust. Dem also enter crypto derivatives first time with a call option on iShares Bitcoin Trust.
Aside from BTC, the bank add regulated exposure to ETH through BlackRock’s iShares Staked Ethereum Trust, and open roughly ~$26M position in XRP via Grayscale’s XRP Trust. Dem sharply cut Solana exposure, almost comot from SOL by reducing Bitwise Solana Staking ETF shares from 266,320 to 2,817 during the quarter.
For traders, dis reinforce the “regulated access” yarn for majors: institutional flows still strongest to BTC and ETH, while risk appetite dey more selective as dem rotate SOL out. Intesa Sanpaolo crypto portfolio growth also back the medium-term ETF demand story, though the effect likely bigger for BTC/ETH than for SOL.
Bullish
Di latest update show say institutions still dey shift money toward regulated Bitcoin exposure, including bigger holdings for major BTC ETFs and dem add one call option — signals we fit maintain incremental demand story for BTC. Meanwhile, the bank sharply cut SOL exposure, mean say SOL dey relatively weak or dem dey rotate commot from SOL, we fit limit upside for SOL specifically. Net-net, for price action of main coins wey dem highlight (BTC first, ETH second), the setup more supportive than negative, keeping overall bias bullish while SOL get headwinds.