TLDRIntesa Sanpaolo’s common Bitcoin ETF holding fell 93.7%, from 646,809 shares to 40,723.The bank’s held call option position dropped 99.3%, from 2,496,500 underlying shares to 18,000.A new held put option row appeared in the June filing, tied to 500,000 underlying shares.Staked Ethereum ETF holdings roughly tripled, rising from 116,200 to 349,600 shares.Solana ETF holdings nearly vanished, falling from 2,817 shares to just seven, while XRP stayed flat at 712,319 shares.Italy’s largest banking group has changed the crypto exchange traded fund holdings it reports to US regulators.Intesa Sanpaolo filed a Form 13F on July 31. The filing covers positions the bank held as of June 30.The document shows a sharp drop in the bank’s Bitcoin ETF holdings. It also shows a new put option position and a bigger stake in Ethereum.Bitcoin Holdings Drop SharplyIntesa’s common shares in the iShares Bitcoin Trust fund fell from 646,809 to 40,723. That is a drop of more than 93 percent.The bank’s held call option position also shrank. The underlying share count fell from 2,496,500 to 18,000, a drop of over 99 percent.A new held put option row appeared in the June filing. It represents 500,000 underlying shares. No put position showed up in the March filing.The filing format does not show the full picture. It cannot reveal strike prices, expiration dates, or whether the bank sold any options short.This means the public cannot know if Intesa turned bearish on Bitcoin or simply adjusted an existing hedge.Ethereum Stake Triples While Solana Nearly DisappearsIntesa’s position in the iShares Staked Ethereum Trust fund grew from 116,200 shares to 349,600 shares. That is more than a threefold increase.At the same time, the bank’s Bitwise Solana Staking ETF holding nearly disappeared. It dropped from 2,817 shares to just seven.The XRP position stayed flat. Intesa reported 712,319 shares of the Grayscale XRP Trust ETF at both the end of March and the end of June.A flat balance does not rule out trading during the quarter. The bank could have bought and sold shares and still ended up at the same number.Form 13F filings only show snapshots taken at the end of each quarter. They do not record the exact date or reason behind any trade.Regulatory rules also mean written or short options are left out of the report. Only long positions and held options appear in the filing.Because of these gaps, analysts cannot calculate Intesa’s full net exposure to Bitcoin from the document alone.The changes still show a shift in how the bank’s disclosed crypto holdings are spread across different assets.Common Bitcoin shares and call options fell sharply. Staked Ethereum grew. Solana holdings shrank to almost nothing, and XRP held steady.As of the July 31 filing, Intesa’s largest disclosed crypto ETF position is now its staked Ethereum fund holding.The post Italy’s Largest Bank Triples Staked Ethereum ETF Position in Q2 appeared first on Blockonomi.