**News Flash: Vanguard Steers Clear of Crypto ETFs**

Vanguard, the second-largest ETF issuer globally, has decided not to join the cryptocurrency ETF frenzy. CEO Salim Ramji confirmed in an Aug. 14 interview that the firm will not be launching crypto ETFs, emphasizing the importance of staying true to Vanguard's core principles.

With $2.7 trillion in assets under management, Vanguard's decision stands out as competitors like Blackrock dive into the crypto space. Blackrock's iShares Bitcoin Trust and iShares Ethereum Trust have already amassed significant assets.

Ramji, who took over as CEO in May, aims to focus on products that protect investors from downside risks, such as retirement income strategies.