Intesa Sanpaolo's latest available Form 13F shows a more complicated crypto-ETF book than a single headline about buying or selling bitcoin. The filing lists common shares, call options and several products across bitcoin, ether and solana. Each instrument has a different payoff, so adding their dollar values would obscure the portfolio structure.
Filing scope and cutoff
- Reporting manager
- Intesa Sanpaolo S.p.A.
- Position date
- March 31, 2026
- Filing date
- May 15, 2026
- Largest selected line
- $95.9 million of IBIT call exposure referencing 2,496,500 shares
Q1 reported values by instrument
Method: HashObserver converted the dollar values reported in Intesa Sanpaolo's March 31 Form 13F information table to USD millions. Call-option value is shown separately from common shares.
Two-quarter position comparison
| Instrument | Dec. 31, 2025 | Mar. 31, 2026 | Share-count change |
|---|---|---|---|
| ARK 21Shares Bitcoin ETF shares | 2,488,765 · $72.60m | 3,607,565 · $81.17m | +44.95% |
| iShares Bitcoin Trust ETF shares | 470,409 · $23.44m | 646,809 · $24.85m | +37.50% |
| Bitwise Solana Staking ETF shares | 266,320 · $4.36m | 2,817 · $0.03m | -98.94% |
| iShares Staked Ethereum Trust ETF | Not listed | 116,200 · $3.15m | New in Q1 filing |
Form 13F scope and limits
The forms establish the securities, share counts, option type and quarter-end reported values in the manager's 13F portfolio. They do not show intraday trades, the beneficial client behind each position, option strike prices or the manager's current holdings after March 31.
The comparison uses share count to separate portfolio activity from price movement. ARKB share count rose 44.95% while reported value rose 11.81%; IBIT share count rose 37.50% while value rose 6.02%. The difference reflects changes in each ETF's quarter-end price as well as position size.
Next filing or release
- Intesa Sanpaolo's Form 13F for the quarter ending June 30, 2026.
- Whether the IBIT call line remains, changes size or is replaced by common shares.
- Whether the staked-ether ETF position grows beyond its initial reported size.