Strategic Expansion into Staked Ethereum Intesa Sanpaolo, Italy’s largest banking group, has reshaped its digital asset portfolio during the second quarter, slashing its spot bitcoin exchange-traded fund (ETF) position while tripling its holdings in a yield-generating ethereum product. According to a Securities and Exchange Commission (SEC) filing, Intesa reduced its stake in Blackrock’s iShares Bitcoin Trust (IBIT) by roughly 94%, dropping from 646,809 shares to 40,723 shares. The remaining position was valued at $1.36 million as of June 30. It also eliminated 99% of its IBIT call options and acquired a new put position covering 500,000 shares—a contract that gains …