🚨 Intesa Sanpaolo goes crypto
Italy’s biggest bank just disclosed $96M in U.S. spot Bitcoin ETFs in its latest 13F. Majority in ARK 21Shares ($72.6M), the rest in iShares Bitcoin Trust ($23.4M). No direct $BTC just regulated, liquid exposure.
Why it matters:
European banks are quietly exploring compliant crypto access. ETFs = clean, regulated, and hedgeable, avoiding custody headaches while letting clients tap Bitcoin exposure safely.
pairing ETF exposure with MicroStrategy puts suggests this isn’t speculation, it’s strategic allocation with downside protection.
$96M isn’t huge for Intesa, but this signals the growing legitimacy of crypto in European balance sheets. ETFs are becoming the gateway for traditional finance to play in digital assets without taking custody risk.