Banco Santander, Spain's largest bank, disclosed a $4.3M position in BlackRock's iShares Bitcoin Trust.
Macro & Markets ·
Banco Santander acquired $4.3 million in Bitcoin exposure through BlackRock's iShares Bitcoin Trust, according to a Securities and Exchange Commission filing that revealed the purchase of 129,615 shares. The Madrid-based institution's investment reflects growing institutional adoption of spot Bitcoin ETFs following their 2024 regulatory approval, with BlackRock's fund currently managing $46.9 billion in assets under management across the crypto ETF landscape.