U.S. asset management company Vanguard will not allow customers to purchase newly approved Bitcoin spot ETFs

According to 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 a Vanguard Bitcoin ETF or other crypto-related products. The reason is that cryptocurrency-related products do not align with the asset management company's focus on "building balanced long-term investment portfolios".