Vanguard: Will not offer Ethereum spot ETF on the platform

ChainCatcher news, according to Blockworks, Vanguard has stated that they will not offer Ethereum spot exchange-traded funds (ETFs) on their platform. Despite regulators approving the proposals for Ethereum spot funds submitted by exchanges, Vanguard maintains its position.

It is reported that the company believes cryptocurrency products do not align with the asset classes they focus on and insists that they will not offer such products. Meanwhile, the approved registration statements from regulators will still take time, with industry observers expecting this process to take weeks or even months.