The world of cryptocurrency investment saw a major shift on January 10th when the SEC approved 11 spot bitcoin ETFs. This landmark decision opened doors for broader access to Bitcoin exposure through traditional investment vehicles.

However, not all firms are embracing this trend. Vanguard, the world's second-largest investment firm, continues to prohibit trading of spot Bitcoin ETFs on its platform. The $7.7 trillion asset management firm Vanguard has said it will not offer Spot Bitcoin ETFs. Indeed, the firm is, among many others, currently blocking its clients from purchasing these newly approved funds.

Vanguard quickly made the decision to not offer a bitcoin ETF. According to a Jan. 11 report from The Wall Street Journal, Vanguard said it won’t offer the new spot Bitcoin ETFs on its brokerage platform as they do not align with its investment philosophy.

The decision has been met with resistance from some investors who were hoping to access Bitcoin through their Vanguard accounts. While other major players are offering these ETFs, Vanguard remains steadfast in its current position, highlighting the differing approaches to cryptocurrency investment within the financial industry.