Asset management company Vanguard announced this month that it would not provide spot Bitcoin ETFs. However, according to data disclosed by Yahoo Finance, as of September 2023, the company was one of the largest shareholders of MicroStrategy, with a shareholding ratio of 8.24%, making it the second largest institutional shareholder. , meaning the company has significant indirect exposure to Bitcoin, with Bitcoin price movements likely to have an impact on its mutual funds and its MicroStrategy holdings, as well as one way clients gain exposure to cryptocurrencies through the investment platform.