Intesa Sanpaolo, Italy’s largest banking group, cut the underlying-share amount of its held IBIT call position by 99.3% in the second quarter, dropping from 2,496,500 to 18,000 shares. The bank simultaneously disclosed a new held IBIT put row representing 500,000 underlying shares, though the 13F filing cannot reveal net options exposure or strategic intent. Its iShares Staked Ethereum Trust ETF position roughly tripled from 116,200 to 349,600 shares over the same period. The Solana ETF balance collapsed from 2,817 shares to seven, while the XRP Trust position remained unchanged at 712,319 shares. The figures are quarter-end snapshots and do not establish Intesa’s complete net Bitcoin-options position or motive.
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