{"id":52866,"date":"2023-06-22T08:02:51","date_gmt":"2023-06-22T12:02:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=52866"},"modified":"2023-06-22T08:05:01","modified_gmt":"2023-06-22T12:05:01","slug":"santander-bank-launches-bitcoin-education-series-amid-etf-wave","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/santander-bank-launches-bitcoin-education-series-amid-etf-wave\/","title":{"rendered":"Santander Bank Launches Bitcoin Education Series Amid ETF Wave"},"content":{"rendered":"\n

Santander Bank, a Spanish banking giant, has launched a ‘Digital Assets 101' series on its website in the wake of multiple applications for a spot Bitcoin ETF in the U.S.<\/p>\n\n\n\n

\"Santander<\/figure>\n\n\n\n

According to a June 9 tweet, Santander Bank,<\/a> one of the largest banks in Europe, has recently launched a ‘Digital Assets 101' <\/em><\/strong>educational series on its website, aiming to “break down the fundamentals, benefits, and implications of this transformative technology,”<\/strong><\/em><\/p>\n\n\n\n

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Curious about the groundbreaking phenomenon of #Bitcoin\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>? \ud83c\udf0d\u2728 \ud83d\udca1\ud83d\udcb0

We delve deeper into this world on our #DigitalAssets101<\/use><\/svg><\/span><\/a> series, breaking down the fundamentals, benefits, and implications of this transformative technology. \ud83d\ude80\ud83d\udd11<\/p>— Santander (@bancosantander) June 9, 2023<\/use><\/svg><\/span><\/a><\/blockquote>

The first course<\/use><\/svg><\/span><\/a> of the series explained Bitcoin's history, features, and potential. The second lesson,<\/use><\/svg><\/span><\/a> published on June 16, covered the Lightning Network, a protocol that enables fast and cheap micropayments on top of Bitcoin.<\/p>\n\n\n\n

The educational initiative by Santander Bank comes when several large financial and asset management institutions have applied or re-applied for a spot Bitcoin exchange-traded fund (ETF)<\/a> in the U.S., signaling a growing interest and demand for crypto assets among investors.<\/p>\n\n\n\n

Applicants for a Spot Bitcoin ETF<\/h3>\n\n\n\n

A Bitcoin ETF<\/use><\/svg><\/span><\/a> paves the way for more institutional and retail investors to enter the crypto market and provide more legitimacy and credibility to the industry. <\/p>\n\n\n\n

However, a Bitcoin ETF is not yet been approved in the U.S., as the Securities and Exchange Commission (SEC)<\/strong> has repeatedly rejected<\/strong> or delayed<\/strong> such proposals due to concerns over market manipulation, fraud, and custody issues.<\/p>\n\n\n\n

Despite the regulatory hurdles, several firms have recently filed or re-filed for a spot Bitcoin ETF in the U.S., hoping to be the first to launch such a product. Some of the notable applicants include:<\/p>\n\n\n\n