The Crypto Roundup: 16 May 2024 | CryptoCompare.com

Salim Ramji, who is set become Vanguard’s Chief Executive Officer on July 8, succeeding Tim Buckley, has made it clear that the company has no plans to introduce its own spot Bitcoin exchange-traded fund (ETF).

In a recent interview with Barron’s, Ramji emphasized the importance of alignment between a firm’s products and its core values. He reinforced this point by referencing Vanguard’s investment philosophy, as explained by Chief Investment Officer Greg Davis.

While Vanguard has decided against launching its own spot Bitcoin ETF, the firm controversially also doesn’t offer its clients trading access to the numerous spot Bitcoin ETFs that were launched in the U.S., something that wasn’t addressed in the interview.

Before joining Vanguard, Ramji was at BlackRock, where he led the global iShares business and played a key role in BlackRock’s successful bid to launch and gain approval for a spot Bitcoin ETF, before departing the company.

• SEO Powered Content & PR Distribution. Get Amplified Today.
• PlatoData.Network Vertical Generative Ai. Empower Yourself. Access Here.
• PlatoAiStream. Web3 Intelligence. Knowledge Amplified. Access Here.
• PlatoESG. Carbon, CleanTech, Energy, Environment, Solar, Waste Management. Access Here.
• PlatoHealth. Biotech and Clinical Trials Intelligence. Access Here.
• Source: https://www.cryptocompare.com/email-updates/daily/2024/may/16/