Vanguard Says No to Bitcoin ETFs -- Views Crypto as 'Immature Asset Class' With 'No Inherent Economic Value'

Financial giant Vanguard has explained why the firm does not make spot bitcoin exchange-traded funds (ETFs) available on its trading platform. A Vanguard executive stressed that cryptocurrency is “an immature asset class that has little history, no inherent economic value, no cash flow, and can create havoc within a portfolio.” Vanguard Explains Why It Disallows […]