Vanguard's No-Go on Bitcoin ETFs: A Long-Term Investor's Perspective
2025-01-26
Vanguard recently announced it won't be launching a Bitcoin ETF or other crypto products. Their reasoning centers on Bitcoin's immaturity as an asset class, extreme volatility, and lack of inherent economic value. Vanguard views Bitcoin as speculation, not investment, unsuitable for long-term, buy-and-hold investors. They emphasize their investor-first philosophy, citing past decisions to reject leveraged/inverse funds and over-the-counter stocks as examples of prioritizing client protection.
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