Italy’s Biggest Bank Cuts IBIT Exposure by 94% While Buying More Staked Ethereum
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Intesa Sanpaolo sharply reduced its reported exposure to BlackRock’s iShares Bitcoin Trust (IBIT) in Q2 while more than tripling its holdings in staked ETH. The reallocation may lower institutional demand for BTC but signals growing institutional adoption of ETH staking and a shift in bank crypto allocation.
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Italy’s largest banking group, Intesa Sanpaolo, sharply reduced its reported exposure to BlackRock’s iShares Bitcoin Trust (IBIT) in the second quarter.
While its BTC-related position changed, the bank more than tripled its holdings in staked ETH.
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Coins
$ 64.09K
+0.50%$ 1.87K
+0.40%$ 1.87K
+0.17%Predictions Markets
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