Intesa Sanpaolo, Italy's largest bank, ramped crypto exposure from roughly $100M in Q4 2025 to ~$235M as of March 31 — more than doubling its book in a single quarter. The bank gained Ethereum exposure for the first time via the iShares Staked Ethereum Trust and opened a new XRP position through Grayscale's XRP Trust (712,319 shares worth ~$18M). Bitcoin holdings were also increased, while Solana exposure through the Bitwise Solana Staking ETF was significantly trimmed.

TLDR by @Benthic

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