$7.7 Trillion Manager Vanguard Avoids Bitcoin Futures ETFs; Celestia and InQubeta Set for Major Financial Wins

Vanguard seems to be taking a counter stand to most ETF providers, limiting the access of the BTC asset to most of their customer base – contrasting heavily with the SEC Decision on Bitcoin ETF. Celestia remains in the headlines too, alongside the newcomer InQubeta which is set to dominate the AI space in 2024.

Vanguard Avoids Futures

Vanguard, the world's second-largest asset manager with about $8 trillion in assets, will not allow its customers to purchase any of the 11 recently-launched bitcoin ETFs.

Vanguard customers who tried to buy shares of a bitcoin ETF on Thursday were greeted with a message that said the trade could not be completed. This is a sharp contrast with other brokerage firms like Charles Schwab, Fidelity, and E*Trade, all of which are permitting their customers to purchase the newly approved bitcoin ETFs.

In a statement, Vanguard said: "While we continuously evaluate our brokerage offer and evaluate new product entries to the market, spot Bitcoin ETFs will not be available for purchase on the Vanguard platform. We also have no plans to offer Vanguard Bitcoin ETFs or other crypto-related products."

"Our perspective is that these products do not align with our offer focused on asset classes such as equities, bonds, and cash, which Vanguard views as the building blocks of a well-balanced, long-term investment portfolio."

Vanguard's main rival, BlackRock, is taking the opposite view and embracing bitcoin with its own spot bitcoin ETF, which began trading Thursday under the ticker IBIT.

Celestia Making Waves

Celestia is definitely new in the market yet a lot of investors seem to be flocking to the project. Celestia is a modular data availability (DA) network that securely scales with the number of users, making it easy for anyone to launch their own blockchain.

Rollups and L2s use Celestia as a network for publishing and making transaction data available for anyone to download. For them, Celestia provides high-throughput DA that can be verified easily with a light node.

And by making the blockchain stack modular, anyone can launch their own blockchain without needing a validator set.

InQubeta On The Rise

Another project that surely cannot be underestimated is InQubeta. For those exploring crypto for beginners, AI opportunities, or overall good investment ideas, InQubeta presents a chance to be part of the best cryptocurrency movement. With the potential to revolutionize the crypto scene, InQubeta's innovative approach, anchored by QUBE tokens, signifies a gateway to the world of crypto investments.

InQubeta emerges as a trailblazing force that is reshaping the landscape of cryptocurrency for beginners as well as veterans, with a seamless integration of AI and blockchain. This dynamic platform has brilliantly harnessed the potential of blockchain technology to establish a democratic ecosystem catering to AI startups and investors new to the crypto world.

InQubeta's NFT marketplace stands as a beacon of innovation, enabling AI startups to issue NFTs that encompass rewards and equity-based incentives. This not only facilitates fundraising but also engages the community in a genuine and rewarding manner. Armed with QUBE tokens, investors, including those new to crypto, can effortlessly engage in fractional investments through these NFTs, becoming active stakeholders in the realm of AI innovation.

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Conclusion

Vanguard might be making a lot of their customers angry after rejecting the Bitcoin ETF, causing a bit of a storm in the traditional finance space. On the other hand, projects like Celestia and InQubeta continue to be pioneers of the future in their own right, fiercely competing for the prestigious title of best cryptocurrency in the market.

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