Asset management giant Vanguard said they will not allow clients to trade spot Bitcoin ETFs because it is an immature asset class with little history, no intrinsic economic value and no cash flow that could wreak havoc in a portfolio. . (Bitcoin Magazine)
Previously, on January 15, a spokesperson for Vanguard Group stated in an interview that in addition to being unable to purchase spot Bitcoin ETFs on the Vanguard platform, Vanguard will no longer accept purchases of cryptocurrency products, including Bitcoin futures ETFs. This change allows Vanguard Group to focus on delivering a core set of products and services consistent with its commitment to meeting the needs of long-term investors.