John Ameriks does not believe in Bitcoin. The Vanguard executive even compares it to those Labubu plush toys that went viral. Surprising, when you know that the financial giant actually allows its clients to trade crypto ETFs on its platform. A revealing inconsistency of the persistent discomfort in traditional finance.
Vanguard, asset management giant, has just shaken up the market by opening its doors to crypto ETFs for its 50 million clients. A decision that could cause Bitcoin to explode and redefine institutional investment. Why this turnaround, and what will be the consequences?
Bitcoin consolidates above 100,000 dollars, driven by institutions and the anticipation of the outcome of the "BITCOIN Act."
Vanguard on the crypto touch: "We do not copy BlackRock, nor their Bitcoin ETFs." There, it's said!
Plot twist. The new CEO of giant investment fund Vanguard is pro bitcoin.