There is still a lot of great news from the crypto world and today is once again no exception! Spain’s largest bank has announced plans to launch the country’s first Bitcoin ETFs. The leading Spanish banking service Santander has confirmed that they are preparing to issue their first BTC ETF, and they have indicated that the project has been under construction for several months. The once impossible will soon become a reality!
,,Our clients want to buy bitcoin, but we have been quite slow to adopt it due to regulatory issues. We are now about to offer crypto ETFs.”
Santander’s Executive Ana Botín said they decided to launch the ETF precisely because their clients had tried to buy BTC in the past, but the company was only able to adapt very slowly due to regulatory issues. However, we still do not know the exact launch date of the Bitcoin ETF, precisely because crypto regulation in this country remains unclear. In addition, to date, the ETF has not been officially registered with the Spanish Securities Regulatory Agency. However, Spanish investors hope that the adoption of the ETF will provide the much-needed push to ensure that the level of regulation in the country is satisfactory, as there is no such level at present.