Intesa Sanpaolo S.p.A

AnalytixInsight Inc. has closed the sale of its entire 49% interest in MarketWall S.r.l. to Intesa Sanpaolo S.p.A. for €3,920,000 in cash. The proceeds, after closing costs, will be used to settle outstanding obligations and creditors, with the board then assessing options including potential business combinations or returning funds to shareholders. The transaction received approvals from the TSXV, shareholders, and Italian regulators. Additionally, Richard Greco has resigned from the board, and a replacement will be sought.

Intesa Sanpaolo, Italy's largest banking group, cut its position in BlackRock's iShares Bitcoin Trust by 93.7% last quarter while tripling its stake in the iShares Staked Ethereum Trust ETF, according to its latest Form 13F filing. The bank reported 40,723 IBIT shares worth $1.36 million as of June 30, down from 646,809 shares three months earlier, and its call position shrank 99.3% from an underlying 2.5 million shares to just 18,000. A new put position covering 500,000 IBIT shares also appeared, suggesting a defensive stance on Bitcoin. Meanwhile, the iShares Staked Ethereum Trust holding jumped from 116,200 shares to 349,600, worth $7.1 million, while the Bitwise Solana Staking ETF position collapsed from 2,817 shares to seven. The bank still holds 3.47 million shares of the ARK 21Shares Bitcoin ETF worth $67.6 million, its largest crypto ETF position, and left its $14.4 million Grayscale XRP Trust position untouched. The shift adds to evidence that some institutions now favor yield-bearing Ethereum funds over Bitcoin products, with trading giant Jane Street also cutting its IBIT common stock position by 71% in the first quarter while nearly doubling its iShares Ethereum Trust stake.