Vanguard Embraces Crypto, Despite Bitcoin as 'Digital Toy'
Update: 2025-12-13
Description
Vanguard, a major investment firm, has started allowing clients to trade crypto-linked ETFs, marking a significant shift from their previous stance. Despite this, John Ameriks, Vanguards global head of quantitative equity, likened Bitcoin to a speculative toy, citing its lack of consistent cash flow and compounding growth. The move comes after the appointment of a new CEO, Salim Ramji, who is more open to Bitcoin. Vanguard now permits clients to buy and sell funds that hold various cryptocurrencies, including Bitcoin, Ethereum, and Solana.
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