Vanguard: Will not offer Ethereum spot ETF on the platform

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ChainCatcher reported that according to Blockworks, Vanguard said they would not offer Ethereum spot exchange-traded funds (ETFs) on their platform. Although regulators approved the Ethereum spot fund proposal submitted by the exchange, Vanguard still maintains its position.

It is reported that the company believes that cryptocurrency products are not consistent with the asset class it focuses on and insists that it will not provide such products. At the same time, it will take time for the registration statement to be approved by regulators, and industry observers expect that this process may take weeks or even months.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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