Spanish banks are now interested in testing the world of crypto, as they await regulatory clarity from the central bank. According to a local media report.
The Bank of Spain had announced in early June, that it would publish the registration instructions for crypto exchanges and custody platforms before October 29. However, the supervisor has not yet released any documents.
Once the central bank releases a crypto registry, companies will have the opportunity to register until January 29, 2022. As described in the previous circular. Meanwhile, Spanish banks are taking the time to explore the possibility of offering crypto assets directly to their clients.
In fact, reports suggest that large financial institutions are using their compliance departments. To find out if they need to register to offer crypto-related services.
Walmart has quietly started hosting Bitcoin ATMs
Walmart, the world’s largest company by revenue, is allowing customers to buy bitcoin at dozens of its stores in the U.S. The retail giant is offering bitcoins through 200 of its Coinstar kiosks in a deal with crypto ATM firm Coinme.
Buyers can purchase the cryptocurrency at Coinstar machines inside the retailer’s cavernous large stores.
Valkyrie’s Bitcoin Futures-Linked ETF Launches on Nasdaq
The second exchange-traded fund linked to Bitcoin (BTC) futures in the United States began trading on Nasdaq, opening at a price of USD 25.52 per share.
According to Nasdaq, digital asset manager Valkyrie’s Bitcoin Strategy ETF, the second exchange-traded fund that allows US investors direct exposure to cryptocurrency futures, opened at a price of $ 25.52 per BTF share before dropping a 3.3% to reach USD 24.66. The exchange-traded fund aims to track the value of BTC futures that are listed on the Chicago Mercantile Exchange, or CME.
BTC Futures ETF Hits $ 1 Billion Trading Volume in Two Days
Since the ProShares Bitcoin ETF went public this week, it has become the fastest-growing fund to reach $ 1 billion in assets under management.
The long-awaited launch of the first exchange-traded Bitcoin futures exchange in the United States, BITO, has marked a series of milestones.
Bloomberg ETF senior analyst Eric Balchunas reported that the fund was the fastest to reach a ten-figure AUM. After only two days of trading.
BITO easily outperformed the previous record holder, a gold-based fund with the GLD ticker, which took three days to hit the $ 1 billion mark in 2004. It commented that this was “poetically appropriate,” presumably referring to Bitcoin’s store of value properties and comparison with digital gold.