Bitcoin

Although <a href="https://finbold.com/guide/buy-bitcoin-with-santander/" rel="noopener noreferrer nofollow">Santander Bank</a> was a bit skeptical about the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a> in 2022, leading it to limit Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) payments, the Spanish <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banking</a> giant seems to have drastically changed its tune, coinciding with a wave of applications for a spot <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> exchange-traded fund (<a href="https://finbold.com/guide/exchange-traded-funds-etfs/" rel="noopener noreferrer nofollow">ETF</a>) by major <a href="https://finbold.com/guides/finance/" rel="noopener noreferrer nofollow">financial</a> and asset management institutions.As it happens, Santander has recently started a ‘Digital Assets 101’ educational series on its website, “breaking down the fundamentals, benefits, and implications of this transformative <a href="https://finbold.com/category/technology-news/" rel="noopener noreferrer nofollow">technology</a>,” the company <a href="https://twitter.com/bancosantander/status/1667108081191333889" rel="noopener noreferrer nofollow">said</a> on its Twitter profile when introducing its first lesson on Bitcoin on June 9.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/6aeaa4108a6a4a7285522126b5d14033.PNG" />Seven days after the introductory lesson called ‘<a href="https://www.santander.com/en/stories/what-is-bitcoin" rel="noopener noreferrer nofollow">Everything you need to know about Bitcoin</a>,’ the <a href="https://finbold.com/category/banking-news/" rel="noopener noreferrer nofollow">bank</a> shared <a href="https://www.santander.com/en/stories/lightning-network-blockchain" rel="noopener noreferrer nofollow">another lecture</a>, this time focusing on “all the pros and cons” of Bitcoin’s Lightning Network protocol, for which it <a href="https://twitter.com/bancosantander/status/1669631224791400448" rel="noopener noreferrer nofollow">said</a> it “enables high volumes of instantaneous micropayments, supporting millions of transactions per second.”<h2 id="header-0">Increased institutional interest</h2>Interestingly, this change in tune arrives around the same time when multiple large mainstream institutions have started to recognize the opportunities that the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> space offers, jumping on the <a href="https://finbold.com/guide/what-is-bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> bandwagon as a way to offer their clients access to <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> assets without direct exposure.Specifically, the firms that have recently filed or re-filed for a spot Bitcoin ETF include the world’s largest asset manager <a href="https://finbold.com/massive-adoption-alert-blackrocks-ceo-once-said-zero-clients-interested-in-crypto/" rel="noopener noreferrer nofollow">BlackRock</a> (NYSE: <a href="https://finbold.com/stock/blackrock-stock-blk/" rel="noopener noreferrer nofollow">BLK</a>), digital asset management firm <a href="https://www.sec.gov/Archives/edgar/data/1841175/000138713123007682/valkyrie-s1a_062123.htm" rel="noopener noreferrer nofollow">Valkyrie</a>, independent <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investment</a> management company <a href="https://cdn.cboe.com/resources/regulation/rule_filings/pending/2023/SR-CboeBZX-2023-038.pdf" rel="noopener noreferrer nofollow">Invesco</a> (NYSE: <a href="https://finbold.com/stock/invesco-stock-ivz/" rel="noopener noreferrer nofollow">IVZ</a>), global ETF and exchange-traded product (ETP) sponsor <a href="https://www.sec.gov/ix?doc&#61;/Archives/edgar/data/1850391/000121465923008647/p620230s1a2.htm" rel="noopener noreferrer nofollow">WisdomTree</a>, as well as crypto index fund manager <a href="https://www.nyse.com/publicdocs/nyse/markets/nyse-arca/rule-filings/filings/2023/SR-NYSEArca-2023-44.pdf" rel="noopener noreferrer nofollow">Bitwise</a>.Meanwhile, Bitcoin was, at the time of publication, changing hands at the price of $30,197, demonstrating an increase of 4.39% on the day, a 21.25% gain across the previous week, and a growth of 10.64% on its monthly chart, as it adds up to more than an 80% advance since the year’s turn, according to the most recent data retrieved by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> on June 22.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Spain’s $57 billion banking giant Santander educates investors on Bitcoin

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