Vanguard, a top investment management firm, is wary of the emerging market of spot bitcoin ETFs. These are funds that track the price of bitcoin directly, and the SEC recently approved 11 of them for trading. However, Vanguard customers could not join the trading frenzy on the first day, as the firm does not offer spot bitcoin ETFs on its platform. The main reason for this is that Vanguard thinks the crypto market is too risky and unregulated for its long-term investing approach. The firm also does not allow other high-risk products, such as leveraged ETFs, and has no plans to offer Vanguard Bitcoin BTC custody or other services. The representative said, “We have always believed that cryptocurrencies are too volatile to help investors achieve positive real returns over the long term. This applies to ETFs and other crypto-related products as well.$BTC $SOL $ETH #etf