His reasons are best known to him. For someone who has almost 26 years of experience in financial services, not seeing the importance of ETFs is what I don't understand about his logic. After he resumed as the new CEO of Vanguard on the 8th of July last year (2024), he made a statement a month later that the company doesn't have any plans for any cryptocurrency traded funds; maybe he just doesn't see reasons to.
If other board members see reason to disagree with his logic, they can present a proposal for it to be argued and discussed. Let's see if the majority will side with him or if he can reverse his statement.
Topic: Vanguard...when? - page 2. (Read 240 times)
So if you know much of anything about the financial world, you are aware of whom Vanguard is. They are the second largest fund company on the planet (behind BlackRock). I am absolutely amazed that Vanguards CEO Salim Ramji has not "pulled the trigger” to create an ETF in the space.
I think it's inevitable, and there's no way they can just keep missing out on all this capital. Has anyone heard any updates on this front? This would be a HUGE book for bitcoin and price wise.
I think it's inevitable, and there's no way they can just keep missing out on all this capital. Has anyone heard any updates on this front? This would be a HUGE book for bitcoin and price wise.
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