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Vanguard's New CEO Salim Ramji Confirms No Crypto ETFs, Focus on $9 Trillion AUM

Aug 14, 2024, 07:40 PM

Vanguard's new CEO, Salim Ramji, has announced that the firm will not be launching crypto ETFs. Despite a growing interest in cryptocurrency investment products, Vanguard, which is the world's second-largest asset manager with over $9 trillion in assets under management, will maintain its focus on traditional investment strategies. Ramji, who recently took over after a decade at BlackRock, emphasized that the firm is committed to its core values and will not follow competitors like BlackRock into the crypto ETF market.