Author Topic: Vanguard Blocks Customers From Trading SEC-Approved Spot Bitcoin ETFs (Read 394 times)

sirty143 · « **on:** January 13, 2024, 01:04:02 PM »

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... See more for yourself here.

Your opinion is greatly appreciated.

Altcoins Talks - Cryptocurrency Forum · « **on:** January 13, 2024, 01:04:02 PM »

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Faisal2202 · « **Reply #1 on:** January 13, 2024, 03:24:25 PM »

It is not good for Vanguard only, I mean why would they make such a move when they can make easy money from these BTC ETFs, or are there some other reasons for them to make this move, maybe they are not that powerful in compared to others like fidelity or BR, etc. If they were not forced by higher powers to make such a move then they did not make the right one.

As, I made reply to your previous post about how Grayscale moved 4000 BTC to coinbase, and how it gives the vibe that, grayscale already made enough profit from the ETF's that they now can sell their 4k BTC. While it is not what is looks like.

One thing I don't understand is that, the girl in the tweet that was mentioned in the article, said they only allow us to sell GBTC but not buy them which is manipulating the price of BTC, how it manipulates the price of BTC exactly. GBTC is not real BTC,

Altcoins Talks - Cryptocurrency Forum · « **Reply #1 on:** January 13, 2024, 03:24:25 PM »

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Don Pedro Dinero · « **Reply #2 on:** January 13, 2024, 03:43:55 PM »

Eventually they will give in. Anyone who wants to trade bitcoin spots ETFs will do so elsewhere, and the moment they see that they are missing out on too much profit by not allowing it at Vanguard, they will allow it. It is like the banks not wanting to know anything about bitcoin and then offering trading and custody services, as Michael Saylor commented.

Evgenklm · « **Reply #3 on:** January 13, 2024, 04:07:21 PM »

It seems to me that investment companies like Vanguard approach non-traditional financial products like Bitcoin with caution. There are also people who criticize Bitcoin and do not trust it. Their decision to block clients from trading these products is likely based on a risk assessment and their adherence to a more traditional focus such as stocks, bonds and cash.

Z-tight · « **Reply #4 on:** January 13, 2024, 04:32:58 PM »

It is their decision not to launch or list any BTC spot etf in their platform, i don't think anybody expected all assets managers to launch or list spot etf's, surely some would decide not to for their own personal reasons. As for their customers who want this option, they can move their funds over to other companies that make trading spot etf's available and there are many options for them to choose from.