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Asset management firm Vanguard Group will not launch a bitcoin ETF
2023.11.08 - 12:52
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Asset management firm Vanguard Group will not launch a bitcoin ETF
Vanguard Group CEO Tim Buckley recently said the company will not pursue a bitcoin ETF like competitors BlackRock and Fidelity. A spokesperson stated that the reason for not launching a bitcoin ETF is the same as why it has never launched a gold ETF—bitcoin lacks "intrinsic value," generates no cash flow, and is too volatile.
2023.11.08 - 12:52:21
Navigating Web3 tides with focused insightsTechFlow news — Vanguard Group CEO Tim Buckley recently stated that the asset management firm will not seek a bitcoin ETF, unlike competitors such as BlackRock and Fidelity.
A spokesperson said the reason for not launching a bitcoin ETF is the same as why it has never launched a gold ETF: bitcoin lacks "intrinsic value," generates no cash flow, and is too volatile.
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