Ethereum Statement from a 7 Trillion Dollar Company

Vanguard, which manages assets worth $ 7.7 trillion, made a statement about the leading altcoin Ethereum.

“While we continually evaluate our brokerage products and new market entrants, spot Ethereum ETFs will not be available on Vanguard's platform,” a Vanguard representative told Blockworks.

The U.S. Securities and Exchange Commission (SEC) approved 19b-4 filings for spot Ethereum ETFs last week. S-1 filings also need to be approved before the funds can enter the market. This could take weeks or months, analysts say.

The $7 trillion company did not allow spot Bitcoin ETFs to be traded on its platform either.