Intesa Sanpaolo, an Italian international banking group, has reportedly doubled down on crypto. According to Criptovaluta.it, the banking group has now invested in Ripple’s XRP through Grayscale’s ETF.

As of the 31st of March 2026, the banking group owns 712,319 shares of Grayscale XRP TR ETF, which is currently worth about $26 million.

Intesa Sanpaolo’s crypto bets

That said, in Q4 2025, Intesa Sanpaolo had already declared positions in several US-listed ETFs, including Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], via various ETFs.

For background, approximately $100 million had already been invested in various Bitcoin, Ethereum, and Solana ETFs.

At current prices, the exposure of about $100 million…