In his recent appearance on Bloomberg TV, reporter Isabel Lee explained the potential for Vanguard’s procrypto pivot, making it clear that it is still unclear whether the $11 trillion financial giant will offer cryptocurrency products on its platform.
“It’s not ‘yes’ yet, but it’s not ‘no’ anymore,” she said as she commented to her. Recent Reports.
Lee recalled how former Vanguard CEO Tim Buckley insisted that the company never adds Bitcoin funds.
John Bogle, the late founder of Financial Titan, previously said that Bitcoin should be avoided “like the plague” and “like the plague.”
So the fact is that vanguard is even I’m considering Changing that song in Crypto is a big change.
Lee emphasizes that Vanguard investors who want to buy Bitcoin ETFs don’t want to use other platforms, and demand for these products is growing. The financial Titan can now “open the windows” a bit.
The impact of a new CEO
As reported by U.Today, Vanguard’s recently appointed CEO Salim Ramji helped launch BlackRock’s highly successful iShares Bitcoin ETF (IBIT).
The incredible success of this product can be too difficult for BlackRock to ignore. This has prompted recent movements.
Lee believes that Ramji may have played a role in this as he has expressed openness to blockchain and Bitcoin. “He was the first outsider to become Vanguard CEO…” she pointed out.
That said, the new Vanguard CEO previously rejected the idea of launching a Bitcoin ETF immediately after its appointment.
