Recently, the Vanguard Group Inc., an asset management giant with $8.6 trillion under management, sparked controversy by outright rejecting the inclusion of new Bitcoin ETFs. The move to embrace Bitcoin ETFs by conventional financial entities has further intensified tensions. adopted a cautious approach to the cryptocurrency sector, particularly after the introduction of a spot Bitcoin ETF in the United States. The notable investor Jack Bogle is said to have warned in 2017, advising people to steer clear of Bitcoin as one would avoid a serious disease. Maintaining the conservative investment approach of its deceased founder, Vanguard Group Inc. continues to adhere to this methodology. The cryptocurrency community remains frustrated, even after over six years have passed. Recently, Vanguard provoked a reaction by its outright rejection to include the newly launched Bitcoin ETFs on its extensive trading platform, despite the highly anticipated debut of the first Bitcoin ETFs in the United States. The company chose not to feature direct Bitcoin ETFs and went further by removing Bitcoin funds linked to futures from its selections, underscoring its traditional investment strategies. The decision made from a traditional standpoint has created a significant commotion, prompting the launch of a social media movement with the hashtag #BoycottVanguard. Despite the recent introduction of Bitcoin ETFs that have drawn in billions of dollars in investments, a spokesperson for Vanguard has stated that the firm does not plan to offer any products related to cryptocurrencies. Vanguard has chosen to differentiate itself from other competitors by opting not to participate in the cryptocurrency market. Last week marked the debut of cash-settled Bitcoin ETFs by prominent investment firms BlackRock, Fidelity, and Invesco. Concurrently, Franklin Templeton has dedicated significant effort to promote its Bitcoin fund, emphasizing its use of the Benjamin Franklin motif while advocating for the inclusion of Bitcoin in the classic 60/40 investment strategy mix. The growing endorsement of Bitcoin ETFs by established financial players has further fueled the fire of online resentment towards Vanguard. Top Cryptocurrency News Today: US Bitcoin ETFs Prompt Withdrawals from European Bitcoin ETPs