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New Vanguard CEO Still Not Stupid Enough to Jump Off the Crypto Cliff

An illustration: A cartoon figure representing Vanguard is standing at the edge of a cliff overlooking an ocean, while in the background several figures are jumping off into the water below labeled "Crypto ETFs". The Vanguard character has its arms crossed and appears to be looking away from the jumpers. In contrast, nearby waves show calm waters with some boats sailing on them representing stable investments. A small boat is approaching a safe harbor marked by lighthouses indicating protection against risks.

So Vanguard is finally wise enough not to jump into this crypto trainwreck yet. Only time will tell if they’re smart or just scared, but I’ll give them credit for making the right call so far

Source: cointelegraph

The Vanguard Group, the second-largest issuer of exchange-traded funds (ETFs), plans to sit out the cryptocurrency ETF gold rush, according to Salim Ramji, Vanguard's CEO. “We will not be launching crypto ETFs,” Ramji said in an Aug. 14 interview with ETF.com. With almost $2.7 trillion in assets under management (AUM), Vanguard is the world’s second-largest ETF sponsor after Blackrock, according to data from stockanalysis.com. Ramji, a former Blackrock executive, was […]

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