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$ETH is in focus after Intesa Sanpaolo, Italy's largest bank, tripled its staked Ether ETF holdings to $7.1 million while cutting shares in two spot Bitcoin ETFs, including IBIT.
The repositioning shifts the bank's digital asset exposure from passive Bitcoin price tracking toward a product that captures Ether network staking rewards inside a regulated fund structure.
A rotation, not a retreat Intesa Sanpaolo's move keeps digital assets on the balance sheet while changing which asset and what structure.
The bank cut positions that track Bitcoin price to build a larger one that tracks Ether price and passes staking distributions to holders alongside price movement.
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