According to Blockworks, despite the U.S. Securities and Exchange Commission (SEC) approving Proposal 19b-4 last week to allow exchanges to list spot Ethereum (ETH) funds, financial services giant Vanguard said that spot Ethereum ETFs will not be available for purchase on its platform. Vanguard's stance reflects its firm attitude towards cryptocurrency products, believing that these products are inconsistent with its product line focusing on asset classes such as stocks, bonds and cash. Although its main asset management competitor BlackRock offers a Bitcoin fund that has grown to nearly $20 billion in assets, Vanguard still sticks to its position. It is expected that the trading volume and liquidity of the spot Ethereum ETF will not be as high as that of the Bitcoin ETF.