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Intesa Sanpaolo Doubles Crypto Exposure to About $235 Million, Adds Ether and XRP

The move signals a shift toward regulated, blue‑chip crypto under Europe’s clearer MiCA rules.

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Overview

  • Intesa Sanpaolo’s Q1 2026 disclosures show its crypto exposure roughly doubled to about $231–$235 million.
  • The bank bought its first ether exposure through BlackRock’s iShares Staked Ethereum Trust, a listed fund that holds staked ETH.
  • It opened an XRP position via the Grayscale XRP Trust, which reporting places at about $26 million in recent valuations.
  • Bitcoin stayed central as Intesa added shares of the ARK 21Shares and BlackRock iShares Bitcoin ETFs and purchased call options on the iShares fund.
  • The bank nearly exited Solana by cutting its Bitwise Solana Staking ETF stake to 2,817 shares, reflecting a pivot to listed products and infrastructure ties such as custody and tokenization.