New Vanguard CEO Stands Firm: No Bitcoin ETF on the Horizon

Salim Ramji is preparing to take over leadership at Vanguard from Tim Buckley on July 8. Early into his new role, Ramji has made it clear that there’s no intention for the investment management giant to introduce its own spot bitcoin ETF.

“Consistency in the products and services offered by firms is crucial,” Ramji explained to Barron’s. “Greg Davis’ perspective aligns well with Vanguard’s overarching investment principles. It’s a viewpoint that is both logical and coherent with our core philosophy.”

The buzz wasn’t centered on Vanguard’s decision against launching a bitcoin ETF. Rather, it was about the company’s choice not to provide trading access to any of the numerous spot products that emerged on January 11 of this year. This decision remained unaddressed by Ramji in his interview.

During his tenure at BlackRock, Ramji helmed the global iShares division and was instrumental in the company’s successful bid to offer a spot bitcoin ETF. He departed BlackRock in January.

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