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.
Everyone bends the knee, or they go broke.
Still, having Vanguard wantonly disregard investors desires pre-Bitcoin etf, it feels good to have them humiliated to the point where they finally pay attention.
View quoted note β