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No Bitcoin ETFs for Vanguard, Confirms New CEO Salim Ramji

6M ago
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Bitcoin ETF

The post No Bitcoin ETFs for Vanguard, Confirms New CEO Salim Ramji appeared first on Coinpedia Fintech News

Vanguardā€™s incoming CEO, Salim Ramji, has confirmed that the firm will not launch a Bitcoin spot ETF, maintaining Vanguardā€™s stance against crypto-related products. Despite Ramjiā€™s background in ETFs at BlackRock, he will uphold this decision when he assumes his role in July. Vanguard also stated on January 24 that it will not offer Bitcoin ETFs or any other crypto products, aligning with its focus on long-term and stable investments. Therefore, this decision stands firm even as firms with over $100 million in assets disclose significant holdings of Bitcoin ETFs, highlighting a rising institutional interest in cryptocurrency.

6M ago
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