One place you won't find a bitcoin ETF: Jack Bogle's Vanguard
Publishing timestamp: 2024-01-11 15:29:24
Summary
Vanguard, one of the dominant players in the U.S. ETF market, has stated that it has no plans to create a bitcoin ETF or offer funds from other issuers on its trading platform. The asset management giant believes that bitcoin and other crypto-related products do not align with its focus on asset classes such as equities, bonds, and cash. Vanguard is known for its low-cost and conservative investment approach, and it continues to operate based on the beliefs of its founder, Jack Bogle.
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Keywords: american vanguard corp, breaking news: investing, bitcoin, breaking news: markets, cryptocurrency, markets, exchange-traded funds, business news, investment strategy, ishares bitcoin trust,
Source: https://www.cnbc.com/2024/01/11/one-place-you-wont-find-a-bitcoin-etf-jack-bogles-vanguard.html