Share this article
Incoming Vanguard CEO Won't Reverse Decision Not to Launch Bitcoin ETF
The former BlackRock executive didn't address the issue of giving Vanguard clients access to any of the other spot bitcoin ETFs that are available.
Updated May 15, 2024, 5:29 p.m. Published May 15, 2024, 5:26 p.m.
Salim Ramji, set to take the reins at Vanguard from outgoing CEO Tim Buckley on July 8, quickly poured cold water on the idea that he has intentions for the asset management giant to offer its own spot bitcoin ETF.
"I think it’s important for firms to have consistency in terms of what they stand for and the products and services they offer," Salim Ramji told Barron's. "I have heard [CIO] Greg Davis’ explanation and I think it is entirely consistent with Vanguard’s investment philosophy. It is a logical and consistent point of view."
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
It was not so much Vanguard's decision not to launch its own bitcoin ETF that caused so much chatter, but instead the company's move not to offer its clientele trading access to any of the numerous spot products that became available on Jan. 11 of this year. Ramji didn't address that matter in the interview.
At BlackRock, Ramji headed the global iShares business and was a force in that company's decision to offer and win approval for a spot bitcoin ETF. He left BlackRock in January.
Read more: Vanguard, Avowedly Anti-Crypto, Names Bitcoin-Friendly Ex-BlackRock Exec as CEO
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Pye Finance Raises $5M Seed Round Led by Variant and Coinbase Ventures
The platform aims to make locked Solana staking positions tradable via an onchain marketplace.
What to know:
- Pye Finance raised a $5 million seed round led by Variant and Coinbase Ventures, with participation from Solana Labs, Nascent and Gemini.
- The startup is building an onchain marketplace on Solana for time-locked staking positions that can be traded.
- Pye says the product targets Solana’s large pool of staked SOL, worth roughly $75 billion, and aims to give validators and stakers more flexibility over terms and reward flows.
Top Stories
