According to PANews, Salim Ramji, the incoming CEO of Vanguard, who is set to take office on July 8, has stated that he has no intention of launching a Bitcoin spot ETF. In an interview, Ramji emphasized the importance of maintaining consistency in the company's stance, products, and services. He has heard Vanguard's Chief Investment Officer Greg Davis's explanation and believes it aligns perfectly with the company's investment philosophy, viewing it as a logical standpoint.
Previously, Ramji played a significant role at BlackRock in the decision-making process to launch a Bitcoin spot ETF while overseeing the global iShares business. He left BlackRock in January of this year. His decision not to pursue a Bitcoin spot ETF at Vanguard reflects his commitment to the company's existing investment strategy and product offerings.
