United

Read

BlackRock

<img decoding="async" width="1600" height="900" src="https://coingape.com/wp-content/uploads/2024/01/Vanguard.jpg" class="attachment-full size-full wp-post-image" alt="Vanguard Files Specialized Fund With Special Mention of Digital Currency" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2024/01/Vanguard.jpg 1600w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-300x169.jpg 300w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-1224x689.jpg 1224w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-768x432.jpg 768w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-1536x864.jpg 1536w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-678x381.jpg 678w, https://coingape.com/wp-content/uploads/2024/01/Vanguard-150x84.jpg 150w" sizes="(max-width: 1600px) 100vw, 1600px">
A recent event has prompted many to speculate the possibility that investment banking giant Vanguard may be having a rethink on its crypto stance. 
<h2 id="strong-vanguard-offers-definition-of-crypto-terms-strong">Vanguard Offers Definition of Crypto Terms</h2> 
As detailed in a recent update, the company has filed for a new “Vanguard Specialized Funds” with the&nbsp; United States Securities and Exchange Commission (SEC). As revealed, “the Fund seeks to track the performance of a benchmark index that measures the investment return of common stocks of companies that have a record of increasing dividends over time.” 
In the lodged filing, there was a mention of Digital Currency alongside some key crypto-linked definitions provided by the investment management firm. 
Vanguard described “digital currency” as a digital asset that acts solely as a store of value, a medium of exchange, or a unit of account. It was further categorized as a digital asset that is not issued or guaranteed by any jurisdiction, central bank, or public authority. 
According to Vanguard’s filing, digital asset relies on algorithmic techniques to facilitate the regulation of the generation of new units of the digital asset. It equally has transactions that involves the digital asset recorded on a decentralized network or distributed ledge. 
Noteworthy, the firm went on to offer a distinction between digital currency and digital security token. This second group encompasses any digital asset that is neither a digital currency nor a digital utility token. As submitted to the SEC, digital security token oftentimes derive its value primarily from, or represent an interest in, a separate asset or pool of assets. 
The last group of asset described by Vanguard is the digital utility token. This was described as a digital asset that provides access to a particular network, product, or service amongst others. 
<h2 id="strong-vanguard-frowned-at-spot-bitcoin-etfs-strong">Vanguard Frowned at Spot Bitcoin ETFs&nbsp;</h2> 
It is not known for sure what direction Vanguard is trailing with this digital asset “sensitization”, but the company have previously portrayed itself as an antagonist of Bitcoin. While other top investment asset management firms like <a href="https://coingape.com/sec-gives-nod-to-spot-bitcoin-etf-opens-door-for-trading/">BlackRock and Fidelity</a> tested the “waters” of spot Bitcoin ETFs in January, <a href="https://coingape.com/spot-bitcoin-etf-vanguard-backtracks-vows-not-to-join-the-train/" target="_blank" rel="noopener">Vanguard</a> vehemently clarified its lack of interest in the offering. 
Vanguard hinged its decision on the highly speculative and unregulated nature of the broader crypto market, adding that the company’s have a conflict with its long-term investing philosophy. 
Meanwhile, <a href="https://coingape.com/vanguard-ceo-to-retire-will-the-firm-rescind-its-anti-bitcoin-etf-policy/">Tim Buckley</a> , the current Chairperson and CEO who has been in the position for over three decades, is set to retire by the end of 2024. In preparation for his exit later this year, the company has appointed a new CEO Salim Ramji, a former executive at BlackRock. 
Considering his years of experience leading BlackRock’s global ETF business, Ramji’s appointment is fueling the speculation of a possible change in stance in the long run. 
Read More: <a href="https://coingape.com/htx-historically-outranks-coinbase-in-this-key-metric/" target="_blank" rel="noopener">Sei Launches First Parallelized EVM Blockchain</a> 
The post <a href="https://coingape.com/vanguard-files-specialized-fund-with-special-mention-of-digital-currency/">Vanguard Files Specialized Fund With Special Mention of Digital Currency</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

Vanguard Files Specialized Fund With Special Mention of Digital Currency

目錄

Coingape News Media

在 2024年5月27日發表的其他文章

BlockDAG’s 800% Price Surge Driven by User Engagement; Steals Spotlight From Optimism & DOT

ETH team lead says most ETH clients ‘very aggressively’ delete old data

Uniswap’s Assets Revealed Ahead of Fee Mechanism Vote: $41.41M in Fiat and Stablecoins Held

AI Arms Race: China’s $47 Billion Semiconductor Fund, Musk’s xAI Secures Funding

Ever Wondered How NFT Games Works? – Here’s How They Works

Polygon (MATIC) Price Due for a Rally as Whale Activity Climbs

訂閱免費電子報，每天收取加密貨幣最新動態！