Vanguard Executive Labels Bitcoin Speculative, Sees Potential Value in Instability

Vanguard's new policy allows clients to trade Bitcoin ETFs for the first time, marking a significant entry into crypto markets despite viewing Bitcoin as a speculative asset akin to a collectible toy, as stated by executive John Ameriks. Vanguard's policy shift enables over 50 million clients to access crypto exchange-traded funds directly on its platform. [...]