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Intesa Sanpaolo Bank disclosed investments in cryptocurrency exchange-traded funds., 2026/02/19 11:35:13
The largest Italian banking group, Intesa Sanpaolo, has disclosed its investments in cryptocurrency exchange-traded funds (ETFs) by submitting a report to the U.S. Securities and Exchange Commission (SEC).
As of December 31, 2025, the bank has invested $72.6 million in the ARK 21Shares Bitcoin ETF and $23.4 million in the iShares Bitcoin Trust, totaling approximately $96 million in these funds. Unlike direct purchases of Bitcoin, these spot ETFs enable the bank to gain indirect regulated access to cryptocurrency without the need to open an exchange account or manage the storage of crypto assets independently.
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Additionally, Intesa has allocated $4.3 million to the Bitwise Solana Staking ETF to earn rewards through staking on the Solana blockchain. The bank also holds a position of $4.4 million in Circle, the issuer of the USDC stablecoin, and owns a minor stake in the American cryptocurrency exchange Coinbase and the financial platform Robinhood.
Currently, spot crypto ETFs are experiencing a prolonged period of net outflows. According to CoinShares, the total outflow from cryptocurrency exchange-traded funds over the past four weeks has reached $3.74 billion. Selling pressure persists as Bitcoin trades around $67,000 with a market capitalization of approximately $1.3 trillion.
Last year, Intesa Sanpaolo, which is actively exploring blockchain opportunities and supporting industry projects, purchased 11 Bitcoins for about 1 million euros ($1.02 million).
