Vanguard is not joining the crypto ETF race! 🚀
- CEO Salim Ramji: "We will not launch a crypto ETF."
- Vanguard currently has nearly $2.7T in assets under management, second only to Blackrock.
- While Blackrock has launched iShares Bitcoin Trust (IBIT) and iShares Ethereum Trust (ETHA), Vanguard has chosen a different path.
- Bitcoin ETFs have attracted record investment in 2024, with major asset managers like Morgan Stanley joining.
- Ramji: "We are focused on products that protect investors from downside risk."
What do you think of this decision? Comment below! 💬