Bitcoin

Six years have passed since legendary investor Jack Bogle warned against Bitcoin and advised investors to stay away from the cryptocurrency. Despite the frenzy surrounding the recent introduction of <a href="https://news.todayq.com/sec-pressured-to-revise-crypto-guidance-rules-amid-bitcoins-rise/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin exchange-traded funds (ETFs)</a> in the US, Vanguard Group Inc. remains persistent in its conservative investment approach, much to the chagrin of the crypto community. Vanguard’s strict avoidance of the Bitcoin ETFs 
In the wake of the highly anticipated debut of fully-fledged Bitcoin ETFs, Vanguard’s decision to eschew offering these products on its massive trading platform stirred up controversy. <a href="https://news.todayq.com/record-2-4-bln-outflow-in-gold-etf-post-btc-etf-approval/" target="_blank" rel="noopener noreferrer nofollow">Eric Balchunas</a>, a senior ETF analyst,revealed that Vanguard has seen inflows of approximately $30 billion since the launch of Bitcoin ETFs.&nbsp; 
A figure six times greater than what Bitcoin ETFs have managed to attract. This influx underscores Vanguard’s dominance in traditional finance (TradFi), despite the rapid growth and attention garnered by the crypto sector.
Vanguard sticks to what its founder, Jack Bogle, believed in and won’t join the cryptocurrency market, including Bitcoin ETFs. This decision made a lot of people in the crypto world argue about it, and some even started a #BoycottVanguard movement online. But Vanguard didn’t change its mind, even taking off Bitcoin funds that were linked to future investments from its platform.
Showing their commitment to Bogle’s idea of investing in things that make real money, like dividends and interest. And being cautious about things like crypto, which are seen as risky. Vanguard’s conservative stance is not merely a response to market trends but a reflection of its deeply ingrained philosophy. What is it? 
Vanguard doesn’t offer crypto-related stuff because they prefer investments that make steady money over risky ones. They carefully check new things they might offer to make sure they’re a good idea for investors and fit their needs.
Although blockchain technology is attractive and has the potential to make financial markets work better, Vanguard is being careful. Prioritizing the interests of its long-term investor base over the speculative nature of current crypto offerings.&nbsp;
When John C. Bogle established Vanguard, his goal was to develop a mutual fund company with a fresh approach. His innovative idea was very straightforward, ‘giving ownership to the investors.’ Essentially, Vanguard is owned by the funds, which are then owned by the shareholders of those funds. It’s a company created and run by investors, for investors.
As the community buzzes with excitement over the emergence of Bitcoin ETFs, Vanguard continues to leave their inflows in the dust. Staying true to its conservative investment principles.
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Vanguard holds “NO” stance despite almost $30B BTC ETF inflow

Todayq News

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