Why Vanguard and State Street Are Sitting Out the Bitcoin-ETF Race

In this issue of the Bloomberg Crypto newsletter, Katie Greifeld explores some passive resistance to Bitcoin in the ETF industry.

The fever pitch of speculation surrounding potential US approvals of spot-Bitcoin ETFs is reaching a climax, with even routine paperwork refilings morphing into market-moving events. But two of the largest issuers in the exchange-traded fund industry are waving away the hype.