Italy’s largest bank loads up on Bitcoin ETFs as crypto exposure tops $200M

Italy’s biggest bank, Intesa Sanpaolo, has sharply increased exposure to Bitcoin-linked investment products, with its total crypto-related holdings exceeding $200 million as of the first quarter of 2026.  New filings show the bank also made major bets on a few U.S. spot Bitcoin ETFs and on its options position tied to BlackRock’s iShares Bitcoin Trust. ...