Spot Bitcoin ETFs Spurned as Vanguard Pulls All Crypto Products – Bloomberg

Amid the euphoria unleashed by the long-awaited debut of the first fully fledged Bitcoin exchange-traded funds in the US, Vanguard sparked uproar last week with its pointed decision to refuse to offer the new ETFs on its gigantic trading platform.

#BoycottVanguard started trending on X, accumulating thousands of posts, with users pledging to pull their money from the asset management giant.

Vanguard’s response? To double down. The firm, which controls $8.6 trillion, has not only snubbed Bitcoin-spot products, it’s yanked futures-backed Bitcoin funds from its platform, too. That means it now offers no crypto products whatsoever, unlike its peers.

Source: Spot Bitcoin ETFs Spurned as Vanguard Pulls All Crypto Products – Bloomberg