Vanguard has decided not to introduce spot Bitcoin ETFs, citing that crypto is more of a speculation than an investment and does not meet consumption needs. They view crypto as an 'immature asset class' with 'no inherent economic value.' Charles Schwab, on the other hand, allows its clients to purchase approved Bitcoin ETFs but has not launched its own product. Despite the huge launch of Bitcoin ETFs, the price of Bitcoin has dropped, leading to questions about its performance.
Even though #BitcoinETFs had the biggest #ETF launch of all time, and #Bitcoin has passed #silver in #ETF asset rankings, the price of #Bitcoin has dropped - why? Check out my thoughts via @ForbesCrypto here! 😎🤓 https://t.co/dea8tQ7XZe https://t.co/as8y0kYMYz
Financial giant #Vanguard has explained why the firm does not make spot #bitcoin ETFs available to clients on its trading platform. https://t.co/3XSAYJ3CKX
Charles Schwab, the largest personal finance brokerage in the United States, has demonstrated a centrist stance on Bitcoin spot ETFs. Its clients can purchase approved Bitcoin ETFs, but Charles Schwab has not yet launched a proprietary product. https://t.co/pjyrBrSbLj
#Vanguard Says No to #Bitcoin ETFs — Views #Crypto as 'Immature Asset Class' With 'No Inherent Economic Value' https://t.co/3XSAYJ3CKX
NEW: Vanguard will not introduce spot #Bitcoin ETFs, as “Crypto is more of a speculation than an investment." https://t.co/0BpqlqGwGd
#Vanguard does not ‘allow’ its investors to invest in spot Bitcoin ETFs. Its key argument is that it does not meet consumption needs. What’s your take? https://t.co/RZypG0Ot54 https://t.co/mTEsMJiz6u