As reported by CoinDesk, Vanguard, the largest asset management company in the United States, will not allow customers to purchase newly approved Bitcoin spot ETFs. A Vanguard spokesperson also stated that there are no plans to offer Vanguard Bitcoin ETFs or other cryptocurrency-related products. The reason for this is that cryptocurrency-related products have a different focus from asset management companies on "building balanced long-term investment portfolios".

"Our long-standing view is that the high volatility of cryptocurrencies runs counter to our goal of helping investors generate positive real returns over the long term."