Vanguard brought in a new CEO, Salim Ramji, who has a background in heading BlackRock's global ETF business. On January 24, Vanguard indicated that it did not have plans to create a BTC ETF or other crypto-related products or feature other issuers. Ramji will not assume the position until July but commits not to reverse Vanguard’s decision not to launch a Bitcoin ETF. Firms with over $100 million in assets continue to disclose BTC ETF shares.
Vanguard sees crypto as more of a speculation than an investment, saying, “It’s an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.” Vanguard’s products and services are designed with the goal to help investors save more, trade less, and take a long-term approach—not chase trends and churn their portfolios. Crypto is highly volatile, making it more tempting to trade.
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Utoday_en - 🏆 295. / 63 Read more »
Source: TheBlock__ - 🏆 464. / 53 Read more »
Source: CoinDesk - 🏆 291. / 63 Read more »
Crypto investment funds intake $130M, while filings reveal new spot BTC ETF purchasersFund flows to crypto investment products turn positive as investment filings reveal growing institutional investor exposure to the spot Bitcoin ETFs.
Source: Cointelegraph - 🏆 562. / 51 Read more »
Source: Crypto_Potato - 🏆 568. / 51 Read more »
BTC price chart seen mirroring US spot Bitcoin ETF launch patternBitcoin’s price chart is showing similarities to its pattern before hitting new all-time highs in March, and traders believe the correction “was more than needed.”
Source: Cointelegraph - 🏆 562. / 51 Read more »