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.
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Vanguard was on air stroking their ego about how they were protecting their clients.
Now they’re out there admitting their greed for profits. Unless of course they’ve announced their stance has changed and they’re protecting their clients buy offering Bitcoin products