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. 🌋💸
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2025-09-29 12:30