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The real reason: there are 7 other ETFs to pick from and Vanguard has no way to differentiate itself.
by Razele 2y ago
The real reason: there are 7 other ETFs to pick from and Vanguard has no way to differentiate itself.
- loeg 2y agoDo you think Vanguard has any reason to lie about their motivations here? Do you think their S&P500 MF/ETF distinguishes itself in any way from Fidelity's or is a motivating factor for having one? This is just a bizarre conspiracy theory to espouse on the basis of no evidence.
- andy81 2y agoBeing anti-cryptocurrency as an organisation really is an important differentiator. Fidelity knows that investors in their cryptocurrency products will lose money in aggregate, but offers them anyway. It's a black mark against their integrity.
- syntheticcdo 2y agoIf it were that simple, Vanguard wouldn't have taken the additional step to prevent trading in these products on their brokerage. Telling customers "you can't buy Bitcoin because we can't sell it to you at a profit" would be ridiculous.