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 <p class="is-style-lead">Bloomberg’s senior ETF <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a> Eric Balchunas <a rel="noopener noreferrer nofollow" title="predicts" href="https://thebittimes.com/tag/predicts.html">predicts</a> a potential <a rel="noopener noreferrer nofollow" title="soften" href="https://thebittimes.com/tag/soften.html">soften</a>ing in asset manager Vanguard’s rigid <a rel="noopener noreferrer nofollow" title="stance" href="https://thebittimes.com/tag/stance.html">stance</a> against spot Bitcoin exchange-traded funds (ETFs).</p>
 <p>Recognized for its conservatism, Vanguard recently gained notoriety for maintaining a considerable di<a rel="noopener noreferrer nofollow" title="stance" href="https://thebittimes.com/tag/stance.html">stance</a> from Bitcoin (BTC) and other digital currencies due to the sector’s volatile nature.</p>
 <p>However, Balchunas suggests that the growing necessity for wealth expansion and diversified investments might nudge the Valley Forge, Pennsylvania-based firm in the opposite direction.</p>
 <p>Vanguard, which manages assets valued at about $7.7 trillion, will likely reevaluate its position on alternative assets like spot Bitcoin ETFs, Balchunas says.</p>
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    <p lang="en" dir="ltr">Vanguard’s anti-bitcoin ETF <a rel="noopener noreferrer nofollow" title="stance" href="https://thebittimes.com/tag/stance.html">stance</a> is totally on brand and would’ve made Bogle proud. That said, I think they will <a rel="noopener noreferrer nofollow" title="soften" href="https://thebittimes.com/tag/soften.html">soften</a> in the coming years as they build their advisory biz, they’ll need to have access to alts. They recently got into PE for this reason. I wrote about it today. pic.twitter.com/AFaD85B5ZR</p>— Eric Balchunas (@EricBalchunas) January 12, 2024
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 <p>This conjecture arose amidst Vanguard’s recent move to limit customer access to the newly approved spot Bitcoin ETFs, a decision that sparked controversy in the crypto community.&nbsp;</p>
 <p>Some Vanguard clients, feeling constrained, have since transferred their funds to other firms that are more open to digital currencies.</p>
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    <p lang="en" dir="ltr">Just transferred my 401k from Vanguard to Fidelity. It took about 15 minutes.<br><br>If you have an account with a broker currently blocking access to #bitcoin ETFs, close it and get out.<br><br>Make these boomers hurt</p>— Julian Fahrer (@Julian__Fahrer) January 11, 2024
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 <p>In a further surprising move, Vanguard announced plans to withdraw Bitcoin futures ETFs from its platform, affirming its dedication to core investment values.</p>
 <p>This decision, despite the burgeoning interest in the crypto market, was seen as a demonstration of Vanguard’s enduring skepticism of the crypto market.</p>
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 <p>However, some of the company’s investment trends tell a slightly different narrative. While Vanguard remains hesitant about Bitcoin, its substantial investment in MicroStrategy, a leading public holder of Bitcoin, has raised eyebrows.&nbsp;</p>
 <p>The company, co-founded by Bitcoin enthusiast Michael Saylor, holds a staggering 190,000 BTC, currently valued at more than $8.1 billion.&nbsp;</p>
 <p>According to Yahoo Finance, as of September 2023, Vanguard holds 1 million MicroStrategy shares, which were then worth more than $547 million. That makes them the second-largest institutional shareholder in the company after Capital International Investors.</p>
 <p>Vanguard also reportedly invested heavily in Bitcoin mining companies last year, including Riot Platforms and Marathon Digital.</p>
 <p>For that reason, <a rel="noopener noreferrer nofollow" title="analyst" href="https://thebittimes.com/tag/analyst.html">analyst</a>s like Balchunas are contending that while Vanguard may be saying no to Bitcoin ETFs for now, their investments hint at a more nuanced approach to cryptocurrencies.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/vanguard-will-soften-anti-etf-stance-analyst-predicts-tbt76550.html">https://thebittimes.com/vanguard-will-soften-anti-etf-stance-analyst-predicts-tbt76550.html</a></p>

Vanguard will soften anti-ETF stance, analyst predicts

TheBitTimes

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