ETFStore President Nate Geraci posted on social media that currently, three of the world's top five ETF issuers have not yet involved in spot Bitcoin ETFs. They are Vanguard, State Street and Schwab. Among them, Vanguard may not intend to get involved with Bitcoin because the company doesn't even have a physical gold ETF; Schwab will launch a Bitcoin ETF at an appropriate time in the future, while State Street has made a "huge tactical error".