Vanguard, a U.S. asset management company, does not allow clients to purchase newly listed spot Bitcoin ETFs

ChainCatcher news, according to CoinDesk, the largest asset management company in the U.S., Vanguard, will not allow clients to purchase newly approved Bitcoin spot ETFs. A Vanguard spokesperson also stated that there are no plans to offer a Vanguard Bitcoin ETF or other crypto-related products. The reason is that crypto-related products do not align with asset management companies' focus on building a balanced long-term investment portfolio. "Our long-held view is that the high volatility of cryptocurrencies is contrary to our goal of helping investors achieve positive real returns over the long term."