Bitcoin.com
Intesa Sanpaolo Dumps 94% of Bitcoin ETF, Goes All-In on Staked Ethereum
August 7, 2026•11:54 AM
Italy's largest banking group, Intesa Sanpaolo, has executed a dramatic strategic pivot in its digital asset portfolio, revealing a 94% reduction in its spot Bitcoin ETF holdings while simultaneously tripling its position in Blackrock's iShares Staked Ethereum Trust ETF. This significant reshuffle, documented in the bank's Q2 2026 Form 13F filing, signals a clear institutional preference for Ethereum's staking mechanism over direct Bitcoin exposure. The move reflects broader institutional sentiment shifting toward yield-generating digital assets, as staked Ethereum offers validators the opportunity to earn rewards through network participation. While Bitcoin maintains its status as digital gold, Ethereum's staking ecosystem presents a more compelling value proposition for traditional financial institutions seeking exposure to blockchain technology with additional yield potential.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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