The Anglican Thirty-Nine Articles (no. 28) specifically rules out the Catholic view of "transubstantiation." It goes on to see "The body of Christ is given, taken, and eaten in the Supper, only after an heavenly and spiritual manner. And the mean whereby the body of Christ is received and eaten in the Supper is Faith." That certainly sounds like the spiritual view (#2) and, in fact, echoes the language of earlier Calvinist documents.
In practice, however, many Anglicans have, over the centuries, held to some version of #1.
The part in red above is receptionism, which implies that the person receiving the Eucharist, is complicate in the real presence. Confessional Lutherans disagree with this; it is what it is. Our confessions clearly state that Word and Sacrament remain efficacious even when administered by evil men. Same goes for those receiving it. Even those with no faith, if they partake, they eat and drink Christ's body and blood.
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