• Intesa Sanpaolo more than doubled its crypto positions in the first quarter of 2026.
• The bank invested in Ethereum and XRP for the first time via ETFs from BlackRock and Grayscale.
• At the same time, Intesa has almost completely exited its Solana investments.

Italy’s largest bank, Intesa Sanpaolo, increased its crypto holdings from about $100 million at the end of 2025 to around $235 million as of March 31, 2026. Local outlet Criptovaluta.it reported.

The bulk of the increase came from bitcoin investments. The bank expanded its positions in the ARK 21Shares Bitcoin ETF and BlackRock’s iShares Bitcoin Trust ETF.