- Intesa Sanpaolo’s crypto-related investments rose from about $100 million in the fourth quarter of last year to about $235 million in the first quarter of this year.
- The bank increased its Bitcoin holdings, gained Ethereum exposure for the first time through purchases of BlackRock’s ETHA, and held 712,319 shares of Grayscale XRP Trust valued at about $18 million.
- Intesa Sanpaolo, however, reduced its Solana exposure by sharply cutting its holdings in the Bitwise Solana Staking ETF.
Forecast Trend Report by Period
Intesa Sanpaolo, Italy’s largest bank, sharply increased its investments in Bitcoin-, Ethereum- and XRP-linked products in the first quarter.
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