--

[Vanguard Supports Bitcoin Spot ETF, Bank of America Recommends 1%-4% Allocation to Digital Assets] On December 3, Bitcoin's price briefly surpassed $92,000. Vanguard, the world's second-largest asset management company, announced that it will allow investors to trade BlackRock's Bitcoin spot ETF. Previously, Vanguard had been a major opponent of cryptocurrencies. Cardiff founder William Stern stated that this shift sends a positive signal to U.S. financial advisors. Brian Huang, co-founder of fintech company Glider, believes that Vanguard's change in stance reflects the growing market demand for digital asset investments. Bank of America also recommends a moderate allocation of 1%-4% to digital assets. Although Bitcoin may face short-term declines, its long-term outlook is widely regarded as positive.

Loading...