Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment

Bitcoin Magazine Spanish Bank Banco Santander Reveals $4.3M Bitcoin Investment Spain’s largest bank, Banco Santander, has revealed a $4.3 million investment in Bitcoin.  According to a Securities and Exchange Commission filing, the Madrid-based bank bought the exposure via BlackRock’s iShares Bitcoin Trust — a total of 129,615 shares.  The filing is the latest example of a traditional institution seeking exposure to the biggest cryptocurrency by market cap.  JUST IN: Spain's largest bank, Banco Santander, reports owning $4.3 million in spot Bitcoin ETFs pic.twitter.com/HfbuaTc3Fh— Bitcoin Magazine (@BitcoinMagazine) July 30, 2026 Over the past year, Santander’s digital bank, Openbank, has allowed customers to buy Bitcoin and other cryptocurrencies and began a more friendly approach to marketing digital assets to customers.  BlackRock’s Bitcoin Trust (IBIT) allows investors to buy exposure to Bitcoin without having to own and store the digital coin directly.  The shares trade on a stock exchange and can be bought quickly and easily via a brokerage account.  BlackRock’s IBIT is the most successful crypto ETF: The fund has received more inflows than any other crypto ETF, currently holding $46.9 billion in assets under management, according to its website.  Other major institutions have bought exposure to Bitcoin via the ETFs after their 2024 approval.

A large number of investors were previously put off by having to deal with things like storage...