The cryptocurrency market has received a major regulatory boost with the approval of Bitcoin (BTC) to trade on the largest US exchanges through Bitcoin ETFs offered by some of the world’s largest asset managers.
However, despite this regulatory success, Vanguard and Merrill Lynch, two prominent institutions in the United States, have chosen not to offer exposure to Bitcoin through these newly approved investment products, leading clients to cash out and seek alternative platforms.
Vanguard And Merrill Lynch Skip Bitcoin ETFs
Vanguard, one of the largest asset managers in the world, made its stance clear even before the regulatory approval. The firm stated that it has no intention of offering a spot Bitcoin ETF or any other crypto-related products, citing a “weak” investment case for digital assets.
The company highlighted that, unlike traditional stocks and bonds, most cryptocurrencies lack intrinsic economic value and generate no cash flows.
Vanguard’s decision goes agai
We współpracy z: https://bitcoinist.com/merrill-lynch-vanguard-says-no-to-spot-bitcoin-etfs/
