Vanguard exits Bitcoin futures trading amid market decline By Investing.com
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VALLEY FORGE, PA – Vanguard, the Pennsylvania-based investment management giant, has announced its withdrawal from futures trading, confirming the company’s stance to avoid participation in the US Bitcoin exchange-traded fund (ETF) market. This move aligns with Vanguard’s traditionally conservative investment approach, even as some of its peers, like BlackRock (NYSE:) and Fidelity, have expanded into offering cryptocurrency-related products.
The decision has sparked a wave of customer dissatisfaction, evident from the flurry of reactions on social media platforms. A number of clients have voiced their displeasure with Vanguard’s choice, with some indicating plans to move their investments to alternative firms that offer crypto products.
This development coincides with a downturn in the Bitcoin market, although Vanguard’s exit from Bitcoin futures trading does not directly imply causation for the cryptocurrency’s decreased value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters
VALLEY FORGE, PA – Vanguard, the Pennsylvania-based investment management giant, has announced its withdrawal from futures trading, confirming the company’s stance to avoid participation in the US Bitcoin exchange-traded fund (ETF) market. This move aligns with Vanguard’s traditionally conservative investment approach, even as some of its peers, like BlackRock (NYSE:) and Fidelity, have expanded into offering cryptocurrency-related products.
The decision has sparked a wave of customer dissatisfaction, evident from the flurry of reactions on social media platforms. A number of clients have voiced their displeasure with Vanguard’s choice, with some indicating plans to move their investments to alternative firms that offer crypto products.
This development coincides with a downturn in the Bitcoin market, although Vanguard’s exit from Bitcoin futures trading does not directly imply causation for the cryptocurrency’s decreased value.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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