Vanguard Rejects Bitcoin ETFs, Citing Cryptocurrency as an Immature Asset Class with No Intrinsic Value
Vanguard, a prominent financial institution, has provided insights into its decision to exclude spot bitcoin exchange-traded funds (ETFs) from its trading platform. An executive from Vanguard emphasized that cryptocurrency is considered an "immature asset class" with no historical track record, intrinsic economic value, or cash flow, and has the potential to disrupt investment portfolios. Vanguard's […]