According to CoinDesk, Vanguard CEO Tim Buckley is set to retire this year, with the search for his replacement already underway. Under Buckley's leadership, the asset management giant has notably avoided offering spot bitcoin ETFs to its brokerage customers, unlike other major U.S. financial institutions. Buckley's impending departure has led to speculation on social media about whether this decision is related to Vanguard's stance on bitcoin ETFs and if the company might change its position under new leadership.
However, it remains to be seen whether Vanguard needs to change its approach. Bloomberg analyst James Seyffart pointed out that one of Vanguard's ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in net new money this year. This is double the amount collected by BlackRock's spot bitcoin ETF, IBIT. Seyffart concluded that Vanguard is 'doing just fine' without offering bitcoin ETFs to its customers.
