Banco Santander Invests $4.3M in Bitcoin via BlackRock's iShares Trust
Spain's largest bank, Banco Santander, has invested $4.3 million in Bitcoin.
The investment comes via 129,615 shares of BlackRock's iShares Bitcoin Trust (IBIT) as revealed in an SEC filing.
This move highlights growing institutional crypto adoption and ETF-led inflows following the approval of several ETFs in 2024.
BlackRock's IBIT is a popular choice for investors, holding $46.9 billion in assets under management and receiving more inflows than any other crypto ETF.