The bank’s exposure through IBIT call options also experienced a sharp decline at the same time, with the underlying share equivalent dropping 99.3%, from roughly 2.75 million shares to just 18,000 shares. The shift from Bitcoin to EthereumIn turn, Intesa significantly increased its iShares Staked Ethereum Trust ETF allocation by more than 200%, from 116,200 shares to 349,600 shares, nearly tripling its position. Simultaneously, it lost nearly all of its exposure to the Bitwise Solana Staking ETF, going from 2,817 shares to just seven. Well, the reason behind this can be as simple as Spot Bitcoin ETFs recording billions of outflows in H1 2026. This is further supported by AMBCrypto’s recent analysis, which noted that while Ethereum and other altcoins draw new investors, Bitcoin ETFs were losing money.