Golden Egypt reported that Bloomberg analyst Eric Balchunas said that since the launch of the spot Bitcoin ETF, Vanguard has attracted about $30 billion in funds, which is 6 times the inflow of funds into the spot Bitcoin ETF. The analyst said: "They (Vanguard) are on another level. I say this because I am in awe of what the spot Bitcoin ETF has achieved, but Vanguard is a whale in TradFi."
Vanguard previously stated that it would not launch a spot Bitcoin ETF.