tl;dr
**Vanguard CEO Tim Buckley is set to retire this year** amidst speculation about the company's stance on spot bitcoin ETFs, which it has thus far not allowed its brokerage customers to invest in. While some wonder if his departure might lead to a change in policy, Bloomberg analyst James Seyffart no...
**Vanguard CEO Tim Buckley is set to retire this year** amidst speculation about the company's stance on spot bitcoin ETFs, which it has thus far not allowed its brokerage customers to invest in. While some wonder if his departure might lead to a change in policy, Bloomberg analyst James Seyffart notes Vanguard's success with other ETFs. CoinDesk, a media outlet covering the cryptocurrency industry, was recently acquired by the Bullish group, but operates independently with a commitment to journalistic integrity.
**Tim Buckley, the Vanguard CEO under whose watch the giant asset manager has shunned spot bitcoin ETFs** , will retire this year and a search is underway for his replacement, according to a statement from the company. While other major U.S. financial institutions have embraced the recently approved bitcoin ETFs, Vanguard has stood out for not allowing its brokerage customers to do so. The Thursday announcement of Buckley's impending departure has some wondering on social media whether this has something to do with that stance – and whether Vanguard might change its mind under new leadership. Whether it even needs to bother is another question. Bloomberg analyst James Seyffart noted Thursday that one of Vanguard's ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money so far this year, double what BlackRock's spot bitcoin ETF, IBIT, has collected. Vanguard is "doing just fine my friends," Seyffart posted on X .
Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.