Overview
- Starting Dec. 2, Vanguard began allowing clients to buy third‑party crypto ETFs, a reversal that opens access to a platform serving more than 50 million investors and roughly $11 trillion in assets.
- Bank of America’s Merrill unit said its 19,000 advisors will be able to recommend crypto ETFs beginning in January, broadening traditional‑finance distribution.
- BlackRock’s iShares Bitcoin Trust recorded more than $2.7 billion in withdrawals over the five weeks to Nov. 28, with a further $113 million on Thursday, marking its longest outflow streak since launch.
- Spot Bitcoin ETFs saw $194.6 million of net redemptions on Dec. 4, led by IBIT’s $112.9 million and Fidelity’s $54.2 million, according to SoSoValue data.
- Bitcoin recently rebounded above $92,000 on a short‑squeeze rally but traded near the low‑$90,000s thereafter, underscoring that sustained ETF demand remains the key driver of price volatility and direction.