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Vanguard_Group
, the world’s second largest asset manager behind
@BlackRock
, is reportedly blocking its customers from buying into the new $BTC Spot ETFs, saying the products “don’t fit with Vanguard’s investment philosophy.”

Now we’ll start to see how institutional TradFi feels about #Bitcoin . Just because the
@SECGov
has allowed these ETFs to exist doesn’t mean the private sector has to accept them.

#Crypto skepticism is still alive and well on Wall Street.