From Nasdaq:

1. Vanguard’s decision to block its clients from accessing spot Bitcoin exchange-traded funds (ETFs) has caused dissatisfaction among cryptocurrency investors. The move, following the U.S. SEC’s approval of these ETFs, has sparked debate and criticism in the crypto community.

2. Investor Mike Alfred expressed his disappointment with Vanguard’s decision, stating that the firm has deviated from its founder Jack Bogle’s innovative ethos. This sentiment reflects broader concerns that Vanguard’s policies are straying from its traditionally progressive approach.

3. Alfred shared on social media that he called the company to withdraw all his money, prompting a company representative to apologize for the lack of vision. Dave Weisberger, co-CEO of CoinRoutes, also criticized Vanguard’s decision, calling it a “catastrophic marketing move” and accusing the firm of hypocrisy.

4. Vanguard’s conservative approach to exclude Bitcoin ETFs from its offerings emphasizes enduring stability over immediate profits. Yet, disapproval from some clients has led to reports of them moving their accounts to Fidelity, expressing a lost opportunity in the expanding digital assets realm.



Read more: Vanguard Slammed For Not Offering Bitcoin ETFs, Users Move Accounts Elsewhere In Response: ‘Vanguard … Is Part Of The Evil Empire Of TradFi’