Italy's largest bank completely liquidated Bitcoin spot ETF holdings and significantly increased Ethereum spot ETF holdings

TechFlow reports, August 4, according to the 13F filing submitted by Italy's largest bank, Intesa Sanpaolo, the bank reduced its holdings of IBIT common shares from 646,809 shares to 40,723 shares at the end of the second quarter, a decrease of 93.7%, and the number of underlying shares in held call options decreased from 2,496,500 shares to 18,000 shares, a decrease of 99.3%.

While reducing positions related to Bitcoin spot ETFs, the bank also added IBIT put options and increased its holdings of iShares Staked Ethereum Trust ETF from 116,200 shares to 349,600 shares, an increase of slightly more than three times.