Italy’s largest lender Intesa Sanpaolo expanded crypto holdings to approximately $235 million during the first quarter after increasing exposure across multiple digital assets.
The bank boosted Bitcoin positions through BlackRock and ARK investment products while entering Ethereum for the first time through a staking-based ETF. Intesa also opened a new XRP position using Grayscale’s investment vehicle.
At the same time, the bank sharply reduced its Solana allocation by cutting most exposure tied to the Bitwise Solana Staking ETF.
Intesa also increased exposure to Coinbase shares and made adjustments across other crypto-linked investments.
The move highlights how European banks are increasingly accessing digital assets through regulated products instead of direct token ownership.
The strategy allows institutions to participate in crypto markets while remaining within traditional investment structures and regulatory frameworks.
🚨 ITALY'S LARGEST BANK DOUBLES CRYPTO EXPOSURE TO $235M
Intesa Sanpaolo now Europe's largest publicly disclosed bank crypto allocator. Q4: $100M. Q1: $235M.
European institutional adoption is accelerating. 🔥 pic.twitter.com/og7WIfKtE1
— CryptosRus (@CryptosR_Us) May 16, 2026
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