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,"."I have heard Greg Davis’ explanation and I think it is entirely consistent with Vanguard’s investment philosophy. It is a logical and consistent point of view.
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.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.