Bitcoin and Ethereum ETFs are still off the table for Vanguard.

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For Vanguard, crypto assets like Bitcoin and Ethereum are “more speculation than investment” and chasing speculative assets will never be the fund's investment philosophy. no doubt Vanguard is constantly talking No to Bitcoin exchange-traded funds (ETFs). There is no exception for Ethereum ETFs.

Earlier this month, Vanguard reportedly named former BlackRock ETF chief Salim Ramji as its next CEO. The proposed move in July has fueled speculation that the fund may be on the verge of revising its position in crypto-related investment products.

However, Ramji clarified that the money will not be given to Bitcoin ETF and The broker refused to offer any Bitcoin ETF on the platform.

The company's view was reiterated after the SEC approved Spot Ethereum ETFs in the US. On Wednesday, Vanguard confirmed to the public that no Ethereum funds are available for purchase.

Commenting on Vanguard's recent statement, Bloomberg ETF analyst Eric Balchunas said Vanguard's position may be disappointing, but it's better to accept it and move on. on” Because he is not a typical asset manager who wants to maximize income.

“they [are] As a co-op, and they've taken in nearly a billion a day for over a decade, and they [are not] According to Balchunas, other people's E.F.F.

The expert added that Vanguard may be overprotective will come Restricting investors from buying crypto ETFs.

“It seems they are [are] Playing Nanny Their role investors are the smartest money on the planet. IMO, they are They are not easily manipulated children, they resist making choices,” Balchunas wrote.

Will history be on Vanguard's side?

Organizations each have their own implicit and explicit values ​​and norms. For Vanguard, the products must meet the long-term needs of investors. The fund prioritizes investor protection despite sacrificing short-term gains.

In retrospect, it was the right decision for Vanguard to avoid current investments. In the past, the fund has refused to pursue “hot” options such as government and mutual funds, tactical-advance funds, or Internet funds, which have all crashed and burned.

A commitment to a sound investment philosophy pays off in all cases. If it still contributes to the organization's success, sudden change may not be necessary.

Whether Vanguard will change or not is unknown. Verdict on Bitcoin in the future. Bitcoin may need to prove itself as a true store of value like gold. to find A position in the fund's portfolio.

Maybe there is a glimmer of hope there.

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