Italian banking giant Intesa Sanpaolo adds $26mln XRP ETF exposure – Details
Intesa Sanpaolo, an Italian worldwide banking group, has reportedly doubled down on crypto. In response to Criptovaluta.it, the banking group has now invested in Ripple’s XRP by means of Grayscale’s ETF.
As of the thirty first of March 2026, the banking group owns 712,319 shares of Grayscale XRP TR ETF, which is at present price about $26 million.
Intesa Sanpaolo’s crypto bets
That stated, in This autumn 2025, Intesa Sanpaolo had already declared positions in a number of US-listed ETFs, together with Bitcoin [BTC], Ethereum [ETH], and Solana [SOL], through varied ETFs.
For background, roughly $100 million had already been invested in varied Bitcoin, Ethereum, and Solana ETFs.
At present costs, the publicity of about $100 million for the ultimate quarter of 2025 has risen to about $235 million. Nonetheless, Banca Intesa additionally famous that, as of now, the crypto holdings are only for proprietary buying and selling functions.
Which means the banking group holds the asset for its personal inside buying and selling actions and never on behalf of shoppers as but.
Giving up on Solana and extra
Amidst such constructive momentum, Intesa Sanpaolo has lowered its Solana publicity. This may be as a consequence of the truth that the Solana worth has been unable to catch bullish momentum.
For essentially the most half, Solana was below promoting stress in Q1 2026, as AMBCrypto beforehand reported. That being stated, SOL fell from round $124 firstly of the 12 months to $81 by the top of March 2026.
Nonetheless, with the entry of Ethereum and its staking characteristic, the general sentiment of the Italian banking group seems constructive.
Moreover, as of 2025, Intesa Sanpaolo additionally owned quite a few cryptocurrency shares. Nonetheless, as of the most recent replace, BitGo’s shares are in, Bitmine’s shares are out, and Put Technique is closed.
2026 – A turbulent 12 months certainly!
This reshuffling of belongings occurred at a time when quite a bit had already occurred in 2026. The Center East tensions, Donald Trump’s tariff shocks, the Fed fee minimize, and different components had taken the crypto market by storm.
Lastly, the cryptocurrency market was additional strained by the rise in scams and exploits in 2026.
As AMBCrypto beforehand reported, losses jumped in Could, bringing the year-to-date whole to nearly $770 million. Herein, greater than $600 million was misplaced on practically 30 incidents in April alone.
Closing Abstract
- Intesa Sanpaolo has lowered its publicity to Solana whereas rising its funding in ARK+21Shares ETF and BlackRock’s iShares.
- Regardless of a turbulent 12 months, the Italian banking group echoes indicators that crypto adoption nonetheless continues.
