Vanguard, a major player in the investment field, has barred investors from accessing spot Bitcoin ETFs, even those approved by the SEC. Additionally, it has halted the purchase of crypto-related products, including Bitcoin futures ETFs. This move, part of a strategic focus on traditional assets like equities, bonds, and cash, has drawn criticism from Ark Invest CEO Cathie Wood. She labels it a "strategic blunder," underscoring the potential of blockchain technology in revolutionizing financial systems. Despite Vanguard's traditional stance, the debate over embracing digital asset innovations continues to intensify in the financial sector.
