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❕NEWS Some US firms are blocking Bitcoin spot ETF

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Yugocean

Yugocean

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Bitcoin spot ETFs are approved in the US, but there is still a competition with anti-Bitcoin in corporate world.

Firms Blocking BTC Spot ETF
US's second largest asset manager Vanguard Group blocked its clients from purchasing Bitcoin spot ETFs, and some others also followed it, for example Merrill Lynch, Bank of America, Citi, Edward Jones, UBS, Wells Fargo, Morgan Stanley, Raymond James etc

Customer Reaction
Many unhappy customers of Vanguard and other are moving their funds to firms which allows them BTC spot ETF. Companies strive to retain their old customers and add new ones, they may be forced to change their anti-Bitcoin policies if their customers leave for Bitcoin Spot ETFs.
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I saw a report about 2 days ago (Jan 10, 2024) that the Securities and Exchange Commission (SEC) approved Spot Bitcoin Exchange-Traded Funds. backed by Wall Street. The report that this approval is a "key" step in regulating ETFs. IDK. I'm staying tuned.
 
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Customer should always have access to best options actually for success and growth most importantly they need to have a say in important things actually which is very important and needed for success of any business indeed actually to be honest indeed in my opinion .
 
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