Intesa Sanpaolo Expands Crypto Bet With $18M XRP Move
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Intesa Sanpaolo, which manages about $1.1 trillion in assets, built an estimated $18 million position in the Grayscale XRP Trust via regulated markets while trimming Solana exposure and increasing Bitcoin ETF bets. The move underscores rising institutional demand for regulated crypto products and could boost XRP adoption, market liquidity and broader crypto investment flows.
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- Intesa Sanpaolo boosted its crypto holdings with an $18M XRP Trust position through regulated markets.
- Europe’s banking giant expanded into XRP while reducing Solana exposure and increasing Bitcoin ETF bets.
- Intesa Sanpaolo’s XRP investment highlights rising institutional demand for regulated crypto products.
Intesa Sanpaolo has expanded its crypto exposure by taking a position linked to the Grayscale XRP Trust, signaling growing institutional interest in the token. Analyst Xfinancebull said on X that the bank, which manages roughly $1.1 trillion in assets, built an estimated $18 million XRP-related position through the regulated investment product.
This is happening amid the rising engagement by financial organizations towards cryptocurrencies despite the presence of market volatility. As per a local report, Intesa Sanpaolo increased its total amount of crypto…
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