As spot bitcoin ETF volumes soar, Vanguard is blocking such trades

Investors using Vanguard’s brokerage platform are not yet able to buy the newly launched slate of US spot bitcoin ETFs.

Rival brokerage firms Fidelity and Charles Schwab, however, are giving investors access to such funds.

Vanguard’s decision to restrict trading of spot bitcoin ETFs comes as combined trading volumes for the ETFs approached $3 billion, after just a few hours on the market. 

Read more: Bitcoin ETF starting gate: A look at the spot funds set to start trading today

“While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot bitcoin ETFs will not be available for purchase on the Vanguard platform,” a spokesperson told…

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