BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
FOLLOW
BlockNews
  • Crypto
  • Finance
  • Politics
  • Memecoins
  • NFT
  • Technology
  • Opinion
No Result
View All Result
BlockNews

New Vanguard CEO Pledged to Not Overturn Spot Bitcoin ETF Refusal

by Sham
May 16, 2024
in Business, Crypto
A A
New Vanguard CEO Pledged to Not Overturn Spot Bitcoin ETF Refusal
1
SHARES
Share on TwitterShare on Reddit

• Salim Ramji, the incoming CEO of Vanguard, stated that the company will not launch its own spot bitcoin ETF.
• Ramji did not address whether Vanguard will offer its clients access to other available spot bitcoin ETFs.
• Ramji previously headed the global iShares business at BlackRock, where he played a role in the company’s decision to offer and win approval for a spot bitcoin ETF.

The new CEO of Vanguard, Salim Ramji, has indicated he will not reverse the company’s decision to not offer a bitcoin exchange-traded fund (ETF).

ICYMI: 🇺🇸 Vanguard’s new CEO states there are no plans to launch a Spot #Bitcoin ETF

— BlockNews.com (@blocknewsdotcom) May 16, 2024

Vanguard’s Stance on Bitcoin ETFs

Ramji told Barron’s that “It is important for firms to have consistency in terms of what they stand for and the products and services they offer.” He agreed with Vanguard’s chief investment officer Greg Davis that a bitcoin ETF would be inconsistent with Vanguard’s investment philosophy.

Ramji did not address whether Vanguard will offer its clients access to existing spot bitcoin ETFs launched by other companies. Vanguard has faced criticism for not allowing clients to trade these products since they became available in January 2023.

Ramji’s Background

At BlackRock, Ramji headed the iShares ETF business and supported that company’s efforts to launch a spot bitcoin ETF. He left BlackRock in January 2023 to succeed Tim Buckley as Vanguard’s CEO starting on July 8, 2023.

Given his bitcoin ETF experience at BlackRock, some expected Ramji might change Vanguard’s stance. However, in the Barron’s interview, he made clear this will not happen under his leadership.

Bitcoin and Crypto Remain Controversial

Vanguard and some other traditional asset managers remain wary of offering crypto investment products. They view bitcoin as too volatile and speculative for most retail investors.

However, as cryptocurrencies continue to gain mainstream adoption, the pressure on Vanguard and its peers to provide access will likely intensify. For now, Vanguard is sticking to its conservative approach according to its incoming CEO.

Tags: Bitcoin ETFblackrockSalim Ramjivanguard
TweetShareShare

DON'T MISS THESE! HOT OFF THE PRESS

$VET Testing Key Support: A Break Out Here Could Spark a 50% Rally and Here is Why
Crypto

$VET Testing Key Support: A Break Out Here Could Spark a 50% Rally and Here is Why

May 28, 2025
Hedera Price Stabilizes: Is This the Calm Before a Major Rally?—Here are the Levels You Need to Watch
Crypto

Hedera Price Stabilizes: Is This the Calm Before a Major Rally?—Here are the Levels You Need to Watch

May 28, 2025
XRP vs XLM? Which Coin Has More 10x Potential in 2025 (THE TRUTH)
Crypto

XRP vs XLM? Which Coin Has More 10x Potential in 2025 (THE TRUTH)

May 28, 2025
Circle Freezes $57 Million in USDC Tied to LIBRA Team Amid Legal Dispute
Crypto

Circle Freezes $57 Million in USDC Tied to LIBRA Team Amid Legal Dispute

May 28, 2025
GameStop Makes First Move into Bitcoin with Massive $513M Investment: What’s Next?
Bitcoin

GameStop Makes First Move into Bitcoin with Massive $513M Investment: What’s Next?

May 28, 2025
Bitcoin Is Coming to Cardano—And It Could Change Everything
Bitcoin

Bitcoin Is Coming to Cardano—And It Could Change Everything

May 28, 2025
Load More

Related News

$VET Testing Key Support: A Break Out Here Could Spark a 50% Rally and Here is Why

$VET Testing Key Support: A Break Out Here Could Spark a 50% Rally and Here is Why

May 28, 2025
Hedera Price Stabilizes: Is This the Calm Before a Major Rally?—Here are the Levels You Need to Watch

Hedera Price Stabilizes: Is This the Calm Before a Major Rally?—Here are the Levels You Need to Watch

May 28, 2025
XRP vs XLM? Which Coin Has More 10x Potential in 2025 (THE TRUTH)

XRP vs XLM? Which Coin Has More 10x Potential in 2025 (THE TRUTH)

May 28, 2025
Circle Freezes $57 Million in USDC Tied to LIBRA Team Amid Legal Dispute

Circle Freezes $57 Million in USDC Tied to LIBRA Team Amid Legal Dispute

May 28, 2025
GameStop Makes First Move into Bitcoin with Massive $513M Investment: What’s Next?

GameStop Makes First Move into Bitcoin with Massive $513M Investment: What’s Next?

May 28, 2025
Discord Twitter Youtube TikTok Instagram

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology twitter US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • Home
  • Crypto
  • Memecoins
  • Technology
  • Politics
  • Finance
  • NFT
  • DeFi
  • Opinion

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.