Summary
- Vanguard is blocking trading of virtual asset (cryptocurrency) spot ETFs on its own platform.
- CEO Nate Geraci stated that as more virtual asset spot ETFs are approved, this measure will become problematic.
- He predicted that, with competitors like BlackRock embracing virtual assets, Vanguard's blockade of trading will be unsustainable.
There has been a claim that Vanguard's measure to not support trading of virtual asset (cryptocurrency) spot exchange-traded funds (ETFs) is unsustainable.
On the 1st (local time), Nate Geraci, President of The ETF Store, said on X (formerly Twitter), "Vanguard is still blocking virtual asset spot ETF transactions on its platform," adding, "It's very surprising. The more virtual asset spot ETFs get approved, the bigger this problem will become."
He continued, "The largest competitor (BlackRock) is fully embracing virtual assets," and predicted, "Vanguard's blockade of virtual asset ETF trading will be unsustainable."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
