In brief
- A Vanguard executive compared Bitcoin to a collectible toy, despite the firm recently opening trading for crypto ETFs.
- Vanguard recently allowed clients to trade funds holding Bitcoin, Ethereum, XRP, and Solana.
- The firm said it would not provide investment advice related to crypto assets.
A senior Vanguard executive this week likened Bitcoin to a speculative toy, even as the asset manager moved to allow clients to trade crypto-linked exchange-traded funds—underscoring continued skepticism toward digital assets despite recent national policy shifts.
According to a report by Bloomberg, John Ameriks, Vanguard’s global head of quantitative equity, said Bitcoin lacked the cash flow and compounding characteristics the firm sought…
