Vanguard, one of the largest asset managers in the world, will not be allowing customers to buy the newly approved bitcoin ETFs. An attempt to invest in BlackRock's iShares Bitcoin Trust (IBIT) or Grayscale Bitcoin Trust (GBTC) via a Vanguard retirement brokerage account generated a "trade cannot be completed" warning. "Buy orders are not currently accepted for this security," the message said. A Vanguard spokesperson told CoinDesk that "spot Bitcoin ETFs will not be available for purchase on the Vanguard platform" and that it has no plans to offer Vanguard Bitcoin ETFs or other crypto-related products. Vanguard's unfriendliness contrasts with the embrace of bitcoin ETF by some of the company's largest rivals.
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