Bitcoin ETF

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/vanguard-ceo-reaffirms-stance-on-not-offering-spot-bitcoin-etfs/" data-wpel-link="internal">Vanguard CEO Reaffirms Stance on Not Offering Spot Bitcoin ETFs</a><br></p>
<p style="text-align: justify">Vanguard CEO Tim Buckley, citing unsuitability for long-term investment portfolios, confirmed the firm’s decision not to offer spot <a href="https://coin-turk.com/uzun-lafin-kisasi-durum-bu-unlu-uzmanlarin-guncel-kripto-ve-bitcoin-btc-yorumlari" data-wpel-link="internal">Bitcoin</a> ETFs. Despite the expansion of the <a href="https://coin-turk.com/diplerde-yanilmayan-analistten-bitcoin-ve-altcoin-uyarisi-hedef-verdi" data-wpel-link="internal">cryptocurrency</a> market and the success of competitors, Vanguard continues to be resolute in its conservative stance towards cryptocurrencies. The firm’s position is based on concerns related to the speculative and unregulated nature of the crypto sector, which is different from the approaches of other investment giants like <strong>BlackRock</strong>.</p> 
<h2 style="text-align: justify" id="clear-stance-on-spot-bitcoin-etfs">Clear Stance on Spot Bitcoin ETFs</h2> 
<p style="text-align: justify">Vanguard CEO Tim Buckley recently reiterated the company’s stance against offering spot <strong><a href="https://en.coin-turk.com/optimism-for-bitcoins-future-insights-from-galaxy-digitals-ceo/" data-wpel-link="internal">Bitcoin</a></strong> exchange-traded funds (ETFs) in an interview, emphasizing the company’s commitment to long-term investment strategies.</p> 
<p style="text-align: justify">Despite growing interest and questions about the cryptocurrency market, Vanguard continues to be consistent in its view that Bitcoin and similar crypto assets do not meet the criteria for inclusion in long-term investment portfolios.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-329102 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/btc-coin-turk-com-.jpg" alt="" width="749" height="499"></p> 
<p style="text-align: justify">During the interview, Buckley highlighted the speculative nature of cryptocurrencies, pointing to the lack of underlying cash flows as the primary reason for Vanguard’s cautious approach to these crypto assets.</p> 
<h2 style="text-align: justify" id="contrasts-in-the-financial-sector">Contrasts in the Financial Sector</h2> 
<p style="text-align: justify">Despite Vanguard’s reservations, the recent approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (<strong><a href="https://en.coin-turk.com/bitcoin-stability-triggers-altcoin-surge-crypto-investors-warned/" data-wpel-link="internal">SEC</a></strong>) has opened new avenues for institutional investments in cryptocurrencies.</p> 
<p style="text-align: justify">Major financial institutions like BlackRock have entered the cryptocurrency space, and BlackRock’s iShares Bitcoin ETF (<strong>IBIT</strong>) broke new trading records with a volume exceeding $3.9 billion. This record was set even as the price of Bitcoin experienced a 6% drop on March 14th, highlighting the volatile nature of the crypto market.</p> 
<h2 style="text-align: justify" id="vanguard-s-consistent-approach-amid-market-dynamics">Vanguard’s Consistent Approach Amid Market Dynamics</h2> 
<p style="text-align: justify">Vanguard has clearly stated that it is unlikely to change its stance on cryptocurrency, particularly spot Bitcoin ETFs, unless there is a significant change in the asset class itself. The company continues to express concerns about the speculative and largely unregulated nature of the crypto market, which it sees as incompatible with its long-term investment philosophy.</p> 
<p style="text-align: justify">Vanguard’s decision to steer clear of offering a Bitcoin ETF is a result of its approach to high-risk financial products. However, it is uncertain how much longer this will continue. I believe that if spot Bitcoin ETFs become even more successful, Vanguard may not be able to remain indifferent for much longer.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/vanguard-ceo-reaffirms-stance-on-not-offering-spot-bitcoin-etfs/" data-wpel-link="internal">Vanguard CEO Reaffirms Stance on Not Offering Spot Bitcoin ETFs</a></h5>

Vanguard CEO Reaffirms Stance on Not Offering Spot Bitcoin ETFs

Table of Contents

COINTURK NEWS

Other articles published on Mar 16, 2024

Trader Misses $1 Million Jackpot by a Day in Frog-Themed Memecoin Frenzy on Solana Network

Book of Meme Takes the Crypto Market by Storm

Top Crypto Gainers Today Mar 16 – Akash Network, Pyth Network, Illuvium, Sui Crypto

Here’s why Bitcoin is likely to hit another record high by the end of March

How Can Medicine Leverage AI, Cybersecurity, and Space Exploration?

Binance extends cliff period for token listings to bolster regulatory compliance

Join our free newsletter for daily crypto updates!