Intesa Sanpaolo, Italy’s largest banking group, slashed its Bitcoin ETF holding, BlackRock’s iShares Bitcoin Trust (IBIT), by 93.7% last quarter. The bank also tripled its stake in the iShares Staked Ethereum Trust ETF, according to its new Form 13F. This rotation fits into a broader trend where some institutions now favor yield-bearing Ethereum funds over Bitcoin products. This decision adds to evidence of a shift in preferences among institutional investors.
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