Large Financial Firms Block Access to New Bitcoin ETFs

Wall Street firms block client access to new spot Bitcoin ETFs

Large Wall Street firms are blocking retail investors from accessing the new “spot" Bitcoin ETFs recently approved by the SEC, FOX Business has learned.

Large Financial Firms Block Access to New Bitcoin ETFs

A number of major Wall Street firms have decided to prevent retail investors from accessing the newly launched “spot” Bitcoin ETFs. Vanguard, Merrill Lynch, Edward Jones, and Northwestern Mutual have all made the decision to not offer their clients exposure to the eleven exchange-traded funds approved by the Securities and Exchange Commission for trading on national exchanges. This move by the Commission was expected to be a significant moment f…