Vanguard Blocks Customers From Trading SEC-Approved Spot Bitcoin ETFs
Several investment firms, including Vanguard, reportedly block customers from trading spot bitcoin exchange-traded funds (ETFs). “Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash,” the firm explained. Dissatisfied with the lack of spot bitcoin ETF options, some customers closed their Vanguard accounts and moved their funds to other platforms that offer them. Vanguard Has No Plans to Offer Spot Bitcoin ETF Trading Excitement buzzed through financial markets on Thursday as U.S. spot bitcoin exchange-traded funds (ETFs) finally began trading after years of anticipation. The Securities and Exchange Commission (SEC) approved 11 of them on Wednesday. However, soon after the market opened, some people shared on social media platform X that their financial institutions, including Vanguard, aren’t offering spot bitcoin ETFs. A Vanguard spokeswoman confirmed to CNBC that the company has no plans to launch a bitcoi