Vanguard Group, a financial powerhouse managing over $10 trillion in assets, has unexpectedly become the largest shareholder in Strategy (formerly MicroStrategy), a company famous for its heavy Bitcoin holdings. The investment giant now controls approximately 8% of Strategy’s outstanding shares, around 20 million in total, surpassing Capital Group Cos., according ...
Vanguard's new CEO, Salim Ramji, has stated that the firm has no intention of entering the cryptocurrency exchange-traded fund (ETF) market, despite the industry's growing excitement over these new financial products. In an interview with ETF.com, Ramji reinforced Vanguard's commitment to its traditional investment philosophy, emphasizing a focus on long-term ...
The appointment of Salim Ramji as the new CEO of Vanguard, a major U.S. asset management company, has triggered speculation about potential shifts in the firm's stance towards Bitcoin. Earlier this year, Vanguard's decision not to offer spot Bitcoin ETFs on its brokerage platform drew criticism from some long-time customers. ...
