Intesa Sanpaolo, Italy’s largest bank, disclosed in its second-quarter Form 13F that it cut BlackRock iShares Bitcoin Trust holdings by roughly 94%, from 646,809 shares to 40,723 shares. The remaining IBIT stake was valued at $1.36 million on June 30. The bank also closed 99% of its IBIT call options and opened a new put position covering 500,000 shares. It kept a $67.6 million position in ARK 21Shares Bitcoin ETF and left its Grayscale XRP Trust shares unchanged. On ethereum, Intesa Sanpaolo tripled its BlackRock iShares Staked Ethereum Trust ETF position to 349,600 shares, worth $7.1 million, a fund that forwards roughly 3%-4% of annual staking rewards. The bank nearly doubled Bitgo Holdings to 323,000 shares, reduced Coinbase by 32%, Circle by 10%, and Robinhood by 43%, and built a new SpaceX position of 5.66 million shares valued at $966 million. The details come from the bank’s second-quarter 13F filing and were reported by News Bitcoin.
Intesa Sanpaolo, Italy’s largest banking group, reduced its position in BlackRock’s iShares Bitcoin Trust by roughly 94% in the second quarter, according to its latest Form 13F filing.
The bank trimmed IBIT to 40,723 shares from 646,809 shares. The remaining stake was worth $1.36 million as of June 30. In the same filing, it closed out 99% of its IBIT call options and opened a new put position covering 500,000 shares.
Not all bitcoin ETF exposure was cut. Intesa Sanpaolo kept 3.47 million shares of the ARK 21Shares Bitcoin ETF, valued at $67.6 million at quarter-end. It also left its 712,319 shares of the Grayscale XRP Trust unchanged.
On the ethereum side, the bank increased its BlackRock iShares Staked Ethereum Trust ETF stake from 116,200 shares to 349,600 shares, a position worth $7.1 million on June 30. The fund holds ETH and passes on roughly 3% to 4% of annual network staking rewards to investors.
Elsewhere, Intesa Sanpaolo nearly doubled its Bitgo Holdings stake to 323,000 shares. It cut Coinbase by 32%, Circle by 10% and Robinhood by 43%. The bank also built a new position in SpaceX, with 5.66 million shares valued at $966 million.
The details come from the bank’s second-quarter 13F filing, as reported by News Bitcoin.
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