They're clearly still testing the waters because if they were fully committed, they'd have already bent the knee. But that moment is coming. I know they lost a significant number of clients after taking the wrong stance. I personally know a dozen people who left Vanguard and Merrill over their Bitcoin policies.
Vanguard was on air stroking their ego about how they were protecting their clients.
Now theyβre out there admitting their greed for profits. Unless of course theyβve announced their stance has changed and theyβre protecting their clients buy offering Bitcoin products