U.S. asset management company Vanguard does not allow customers to buy newly listed spot Bitcoin ETFs

As reported by CoinDesk, Vanguard, the largest asset management company in the United States, will not allow customers to purchase newly approved Bitcoin spot ETFs. A Vanguard spokesperson also stated that there are no plans to offer Vanguard Bitcoin ETFs or other cryptocurrency-related products. The reason for this is that cryptocurrency-related products have a different focus from asset management companies on "building balanced long-term investment portfolios".

"Our long-standing view is that the high volatility of cryptocurrencies runs counter to our goal of helping investors generate positive real returns over the long term."