Is this legal for Vanguard restricting customers access to Bitcoin ETF

Clients have reported being unable to purchase the recently listed spot ETFs, but interestingly, they can still sell shares of GBTC, Grayscale’s spot Bitcoin ETF. A client reportedly engaged with a company representative who conveyed, “Currently, we aren’t permitting those to be purchased as it doesn’t align with Vanguard’s investment philosophy.”

Vanguard’s decision to limit customer access comes just a day after the SEC granted approval for spot Bitcoin ETFs, marking the first time such approval has been granted. These ETFs generated over $2.3 billion in trading volume on their launch day. The question lingers as to whether this esteemed asset manager will reconsider its position and allow customers to partake in the evolving Bitcoin market.


It is their choice for protecting the clients’ assets from the fluctuation of the Bitcoin price.

In my perspective, Vanguard’s decision appears to be rational but leans towards a more conservative approach.


Suppose affluent clients desire to pass on their digital assets to the next generation; in such cases, they must opt for alternative asset management solutions.


This topic title should change into: “Is this wise for Vanguard restricting customers access to Bitcoin ETF”

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@LucasW Time will give an answer for that question.

Yeah, it is uptrend time, and money is coming. :smile: :smile: :smile: :smile