SpaceX · Bitcoin · Ethereum · Bitcoin ETF · SEC · 99Bitcoins
Italy’s Largest Bank Dumps BTC ETF for Staked Ethereum ETF
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In Bitcoin ETF news today, Intesa Sanpaolo, Italy’s largest bank, filed its Q2 2026 Form 13F, the SEC’s mandatory quarterly disclosure of institutional long positions in US-listed securities, on August 4, and the numbers tell a sharp story.
Key facts
- Intesa reduced its IBIT, BlackRock’s iShares Bitcoin Trust, the largest spot Bitcoin ETF by assets, from 646,809 shares to 40,723, leaving a position worth $1.36M as of June 30, according to the SEC
- This news dropped as Bitcoin sits at around $64,000, up +0.7% over the past 24 hours, while Ethereum trades for roughly $1,850, up +0.3% in the same timeframe
- The broader crypto market is up +1.7% since yesterday, with the total market cap sitting at $2.27 trillion and daily trading volume sitting at over $53Bn, up from $48Bn the day
- These rewards typically run around 3–4% annually, growing from 116,200 shares worth $3.15M at the end of March to 349,600 shares worth $7.1M by June 30, according to the primary source filing
Summary
Bitcoin ETF News: The IBIT Exit That Wasn't a Full Bitcoin Retreat. The bank slashed its BlackRock iShares Bitcoin Trust (IBIT) position by roughly 94% while tripling its stake in BlackRock’s staked Ethereum product, even as both assets fell hard during the quarter. Italy’s Largest Bank Intesa Sanpaolo Cuts IBIT Stake 94%, Triples Staked Ethereum ETF Holdings. Italy’s largest banking group, Intesa Sanpaolo, reported in its latest Form 13F that, as of June 30, its common-share position in BlackRock’s iShares Bitcoin Trust (IBIT) fell 93.7%… pic.twitter.com/A5YjlWyym9.