From Morningstar:

The SEC has approved Bitcoin exchange-traded funds (ETFs), offering new, reliable avenues for Bitcoin investors. Grayscale’s high expense ratio made their fund undesirable, but now it has converted to an ETF. This pivot saves investors the headache of cryptocurrency exchange security issues or lost passwords.

Vanguard has opted to forsake Bitcoin ETFs entirely, refusing to carry any on its brokerage platform. This departure from the Crypto space has sparked some discontent among Bitcoin enthusiasts, but it demonstrates that Vanguard is sticking to its business-minded approach, as it has with other investment trends in the past.

Vanguard’s refusal to jump on board with Bitcoin ETFs is consistent with their historical trends. The company has time and again chosen not to follow the masses towards risky investments that could potentially burn their investors. Despite criticism, this decision suggests that Vanguard is maintaining the same mindset that made it a global leader in fund management.

Vanguard’s decision to exclude Bitcoin ETFs aligns with the principles set forth by its founder, Jack Bogle, who had advised avoiding Bitcoin investments. This commitment to avoiding speculative investments mirrors the mindset that has propelled Vanguard to its position at the forefront of the fund management industry. While the outcome of this decision remains to be seen, the company’s adherence to this mindset reflects positively on its financial health and that of its clients.



Read more: Vanguard Got Bitcoin Right | Morningstar