Spot bitcoin ETFs, which won approval from the Securities and Exchange Commission on Jan. 10, won't be available for purchase on the Vanguard Group's brokerage platform, a Vanguard spokesperson confirmed.
Multiple spot bitcoin ETFs, including products from Vanguard competitors like BlackRock and Fidelity Investments, began trading Jan. 11.
"While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot bitcoin ETFs will not be available for purchase on the Vanguard platform," the spokesperson said in a Jan. 11 email, adding that Vanguard has no plans to offer Vanguard bitcoin ETFs or other crypto-related products.
"Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio," he said.
Vanguard had $8.2 trillion in assets under management as of Dec. 31.
