Italian Banking Giant Quietly Invests in Bitcoin ETFs with Hedging Strategy

Italian Bank Invests in Crypto Assets

Recently, Italian bank Intesa Sanpaolo revealed significant holdings in Bitcoin ETFs, including ARK 21Shares Bitcoin ETF and iShares Bitcoin Trust, totaling around $96 million, in its latest 13F filing.

Hedging Strategy Sparks Debate

Additionally, the bank established a large bearish options position on a specific strategy, which the market interprets as a hedge against Bitcoin ETF risks. This move reflects a growing cautious approach by traditional financial institutions toward crypto assets.

• Bitcoin ETFs emerge as mainstream investment tools
• Bank's hedging strategy draws attention
• Crypto assets gradually gain acceptance in traditional finance