Over the same quarter, the bank's staked ether ETF (ETHB) holding grew from 116,200 to 349,600 shares, worth about $7.1 million.
Intesa also eliminated roughly 99% of its IBIT call options and opened a new put position covering 500,000 shares.
The remaining bitcoin stake is worth just $1.36 million — modest in size, but notable coming from a systemically important European bank.
A single 13F reflects one bank's quarter-end snapshot. It doesn't confirm a wider institutional shift out of bitcoin without more filings to compare.
Intesa's Q3 2026 filing, due later this year, will show whether the rotation continues, reverses, or was a one-off rebalance.
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