🏦 Italian bank adjusts its holdings in crypto currency exchange-traded funds

Recent reports indicate that Italian bank Intesa Sanpaolo reduced its stake in the IBIT exchange-traded fund by 94% during the second quarter. In contrast, the bank tripled its holdings in the iShares Staked Ethereum Trust ETF during a period that saw a decline in cryptocurrency prices. The bank’s total holdings of Bitcoin exchange-traded funds fell by 35% to reach $69.3 million.

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📰 Source: biztoc.com