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International Business Times
International Business Times
Business
Nica Osorio

Vanguard Unmoved By Record-Smashing $4.5B Bitcoin Exchange-Traded Funds Kickoff, Gives BTC ETFs The Boot

Vanguard Bitcoin ETF BlackRock Fidelity Grayscale Crypto United States

KEY POINTS

  • Vanguard had expressed its plan not to offer spot Bitcoin ETFs even before the SEC's approval
  • The BlackRock rival is one of the top players in the U.S. exchange-traded fund market
  • 'We also have no plans to offer Vanguard Bitcoin ETFs or other crypto-related products': Vanguard

Vanguard, a global leader in asset management, has decided not to allow its clients to purchase the recently authorized spot Bitcoin exchange-traded funds even though the crypto investment vehicle smashed records as it saw over $4.5 billion on its debut on U.S. exchanges.

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