Vanguard Holds Firm on Anti-Crypto Stance, Halts Bitcoin Futures ETF Purchases

Vanguard Holds Firm on Anti-Crypto Stance, Halts Bitcoin Futures ETF Purchases



Vanguard, a global leader in asset management, consistently expresses its skepticism towards Bitcoin. The firm recently declared a halt to the acquisition of Bitcoin futures ETFs on its platform. A representative from Vanguard confirmed to Axios the discontinuation of all crypto-related product purchases. This strategic decision aligns with Vanguard's aim to provide a fundamental suite of products and services that resonate with its guiding principles and goals. Crypto.news previously highlighted Vanguard's decision to exclude spot Bitcoin ETFs from its platform, following their approval by the U.S. SEC. Moreover, Vanguard disclosed its lack of intention to introduce any analogous offerings.



The statement from the Vanguard spokesperson emphasized: "Effective immediately, Vanguard will cease the purchase of any cryptocurrency


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#Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Vanguard

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