Investment Giant Vanguard Blocks Clients From Buying Bitcoin ETFs
Vanguard, one of the largest asset managers in the world, is preventing customers from buying the newly approved bitcoin ETFs.
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Vanguard, one of the largest asset managers in the world, is preventing customers from buying the newly approved bitcoin ETFs.
ARK Invest’s CEO previously predicted the price to reach $1 million by 2030.
They make the asset class “less of a scary concept” to mainstream audiences, bitcoin advocate Jameson Lopp said.
The exchange-traded funds will allow better access to bitcoin through regulated entities and draw institutional investors, but the crypto is still a very small asset class, CoinDesk was told.
The U.S. listing of ETFs based on spot BTC is more than a milestone for Bitcoin. Noelle Acheson points out that it is also a milestone for Wall Street.
Bitcoin hit its highest price in more than two years Thursday before it fell back to $46,000 as the highly anticipated spot bitcoin ETF debut unleashed volatility.
The fund saw about $400 million of inflows within 30 minutes of its trading debut, CF Benchmarks said.
Lynda Koster from Growthential highlights the importance of strategically adopting and integrating generative AI in business, especially in financial advising, to navigate the evolving technological landscape and maintain a competitive edge.
The crypto exchange has a dominant role in all but one of the approved ETFs, acting as an issuer or custodian, the report said.
Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.