Vanguard, that bastion of fiscal virtue and prudence, now bows to the siren song of cryptocurrency ETFs-a seismic shift, no doubt driven by client demands and the “evolving regulatory environment” (read: the almighty dollar beckons).
Vanguard, the world’s second-largest asset manager, has decided to throw its clients into the digital abyss known as crypto ETFs. 🌌💸 A bold move, considering their reputation for caution and restraint. But why let ethics get in the way of profit?
Source – X 🕊️💸
One of the sources cited by Eleanor Terrett on X, as if the digital gods of Twitter have divine insight. This marks a dramatic departure from Vanguard’s decades-old mantra: “If it’s not broken, don’t invest in it.”
The company once treated crypto like a pariah, preferring the dull safety of bonds and index funds. How quaint! 🤭
But lo! Client pressure and the “optimistically developing regulatory landscape” (i.e., regulators finally blinked) have forced their hand. 🎱💥
Vanguard, having stubbornly avoided crypto ETFs, now eyes third-party offerings. Insiders whisper of this “strategic review,” as if it were a soul-searching retreat rather than a scramble to catch up. 🏃♂️💨
Regulatory Winds? More Like a Hurricane of Compromise.
Since 2024, the SEC has embraced crypto ETFs like a prodigal son, opening Pandora’s box. Bitcoin and Ethereum funds now suck in capital like a black hole. 🌌🌀
New CEO Salim Ramji, once a midwife to BlackRock’s Bitcoin ETF, now leads Vanguard into the inferno. A man with “expertise,” or merely a knack for dancing on financial cliffs? 🕺📉
Experts claim his crypto familiarity explains Vanguard’s shift. Eric Balchunas, Twitter sage, mused: “Vanguard bends the knee to Bitcoin (lol). Dynamics change! 🤷♂️📈 Smart move, imo. The sheeple love ETFs, and Salim knows where the bodies are buried.”
Selective Access? A Delicate Dance with the Devil
Vanguard claims it’ll “selectively” vet crypto ETFs, prioritizing compliance. Sure. Because nothing says “risk management” like dabbling in assets priced like lottery tickets. 🎟️💸
No proprietary products, of course-they’d rather let others take the fall first. How noble! 🙃 Yet this “tactic” screams, “We’re all in, but don’t blame us if it collapses!”
In short, Vanguard joins the herd, trading its cloak of conservatism for a jester’s hat. 🤡🎭 The financial apocalypse? Merely a minor inconvenience for the profit-hungry. 🌋💸
Read More
- Best Controller Settings for ARC Raiders
- DCU Nightwing Contender Addresses Casting Rumors & Reveals His Other Dream DC Role [Exclusive]
- 7 Home Alone Moments That Still Make No Sense (And #2 Is a Plot Hole)
- Ashes of Creation Rogue Guide for Beginners
- Stephen Colbert Jokes This Could Be Next Job After Late Show Canceled
- 10 X-Men Batman Could Beat (Ranked By How Hard It’d Be)
- Is XRP ETF the New Stock Market Rockstar? Find Out Why Everyone’s Obsessed!
- Paramount To Adapt Popular Anthropomorphic Children’s Book Series
- Rumour: Starfield PS5 to Take Flight Alongside New Expansion Next Year
- Jem And The Holograms Launches Truly Outrageous Collection Kickstarter (And Franchise Fans Don’t Want To Miss It)
2025-09-29 12:30