📉 Vanguard and other financial giants are in no hurry to add spot Bitcoin ETF trading, despite SEC approval.
- Some companies, including Vanguard, have blocked users from trading these products
- Vanguard has also disabled the purchase of Grayscale's GBTC shares on its platform
- A Vanguard representative said the company has no plans to offer Bitcoin ETFs or other cryptocurrency products
- Merrill Lynch, Citi Bank, UBS, Wells Fargo Advisors and Raymond James may also abandon spot BTC ETFs
- Meanwhile, Bitcoin spot ETF trading volume exceeded $1.2 billion in the first 30 minutes of trading