TechFlow reports, citing Fox Business, that a small number of Wall Street financial institutions are blocking retail investors from purchasing spot Bitcoin ETFs.
Vanguard, the world's second-largest asset manager after BlackRock, along with Merrill Lynch, Edward Jones, and Northwestern Mutual, do not plan to offer their clients exposure to any of the 11 available exchange-traded funds. So far, representatives from Merrill Lynch, Edward Jones, and Northwestern Mutual have not responded to requests for comment on the matter.
Previous report, Vanguard stated it would not list spot Bitcoin ETFs due to Bitcoin's highly speculative nature.




