Vanguard CEO Stands Firm Against Bitcoin ETFs Amid Customer Backlash and Market Volatility

Tim Buckley, the CEO of The Vanguard Group, remains firmly against the introduction of Bitcoin exchange-traded funds (ETFs), despite facing customer backlash and continuous queries about the company’s potential plans for such offerings. Buckley’s stance was reinforced in a video released by Vanguard, where he warned against incorporating Bitcoin ETFs into retirement investment portfolios, citing the cryptocurrency’s volatile nature. He asserted, “We don’t believe it belongs, like a Bitcoin ETF belongs in a long-term portfolio of someone saving for their retirement. It’s a speculative asset.” Further questioning Bitcoin’s reliability as a store of value, Buckley highlighted its performance during the