Santander Discloses Stake in BlackRock's iShares Bitcoin Trust
Banco Santander has disclosed its stake in BlackRock's iShares Bitcoin Trust, the largest spot Bitcoin ETF, for the first time in its Q2 2026 filing with the Securities and Exchange Commission. The Spanish lender reported a holding of 129,615 IBIT shares worth $4.31 million as of June 30.
The bank also disclosed its first reported Ether ETF position, a stake in the iShares Ethereum Trust worth $3.54 million, alongside a $1.51 million holding in the iShares Gold Trust. These positions are small compared to Santander's $16 billion in reported U.S. equity holdings.
The filing shows that both crypto ETF positions sit with SAM Investment Holdings, the Madrid-based holding company for Santander Asset Management. This is part of a growing trend among traditional financial institutions reporting spot crypto ETF exposure in quarterly filings.