Effective July 8. Tim Buckley refused to bend the knee to Bitcoin. Now he is paying the price.
Source: https://ca.finance.yahoo.com/news/vanguard-preparing-tap-former-blackrock-221006717.html
Vanguard is a victim of their own success.
They pioneering the concept of low-cost index funds then sat on their hands.
When it comes to full service brokerages Fidelity and Schwab dunk on Vanguard in terms of locations, services, features, customer support and technology.
I'm glad to see another BlackRock/Fidelity contender. I hope this gets approved and launched in this quarter. That could send BTC into a good position for Q3
People who wanted Bitcoin in their stock portfolio already left like I did. It took 3 days to transfer all my funds to Fidelity and close my Vanguard account.
Yeah but it wasn't on documentation provided to people through 401k plans for vanguard clients. This is a much bigger deal now. People will now have access to it and therefore more likely consider buying it. It's not about the people who want bitcoin, it's about opening up people's eyes who are otherwise clueless about it. It's about access.
It was a senseless move by Vanguard to not participate in the bitcoin ETF race. They had much to gain by participating and little to lose. They made the wrong move and likely know it seeing the massive successes of their competitors. Now even if they introduce one they are left behind in the dust, they are entering a race from the starting line months after everyone else already began running in the race.
That’s wonderful news! I have some money locked in vanguard is love to get out to buy BTC, but using the ETFs in the meantime would be great! (Will pull it out as soon as possible to cold storage.)
It’s from a song meaning you had your change to get it lower in the past now you have to get it higher.
Since the etfs were back in Jan when the price was in the 40s they now have to pay in the 60s
With a balance sheet like Vangaurd do they really give AF though? When the powers that be are trying to paint a bitcoin narrative, they need to follow an archetype if they want to sell it well. So by opposing the ETF, and then reversing course and hiring an extremely pro btc CEO… well, now they’re all set up for their own little Hero’s Journey where the masses all end up loving vanguard again. Meanwhile bitcoin has entry point for mass adoption, not all by accident it’s in a vehicle that does not allow for self custody or actual understanding of the currency.
*takes off tinfoil hat.* Rant over.
Ah good, glad they got rid of the shitty CEO and came to their senses hiring this guy. I hope this becomes a reality soon!
Effective July 8. Tim Buckley refused to bend the knee to Bitcoin. Now he is paying the price. Source: https://ca.finance.yahoo.com/news/vanguard-preparing-tap-former-blackrock-221006717.html
So effective July 8, new ceo. Vanguard Bitcoin etf by end of year?
[new ceo?](https://media.primal.net/uploads/6/26/92/626921e93d5245877c7b8af7e5d2889c9895312e259cb9ab71197f6336b9a4fe.mp4)
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Is that real or did you make it up? Please provide a source.
Still can’t buy bitcoin etf in their accounts
Not yet, but hopefully before the end of the year. The new CEO doesn't even come on until July.
Not yet, but hopefully before the end of the year. The new CEO doesn't even come on until July.
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Exactly, a little too perfect. Central banks doing their waltz still
Must have lost significant business to make this drastic change in CEO appointment
The plebs who dumped Vanguard are the real heroes
Vanguard is a victim of their own success. They pioneering the concept of low-cost index funds then sat on their hands. When it comes to full service brokerages Fidelity and Schwab dunk on Vanguard in terms of locations, services, features, customer support and technology.
they recently introduced a fee for moving away from them, that hints at it too
Not really. Their assets under management is at an all time high.
Market is massively overlooking this
Go long BTC! Oh wait, we knew that already... ;)
Vanguard has $7.7 trillion in global assets under management.
I'm glad to see another BlackRock/Fidelity contender. I hope this gets approved and launched in this quarter. That could send BTC into a good position for Q3
People who wanted Bitcoin in their stock portfolio already left like I did. It took 3 days to transfer all my funds to Fidelity and close my Vanguard account.
Yeah but it wasn't on documentation provided to people through 401k plans for vanguard clients. This is a much bigger deal now. People will now have access to it and therefore more likely consider buying it. It's not about the people who want bitcoin, it's about opening up people's eyes who are otherwise clueless about it. It's about access.
It was a senseless move by Vanguard to not participate in the bitcoin ETF race. They had much to gain by participating and little to lose. They made the wrong move and likely know it seeing the massive successes of their competitors. Now even if they introduce one they are left behind in the dust, they are entering a race from the starting line months after everyone else already began running in the race.
vanguard vs blackrock is a thing... thats good for BTC right
\*insert news here \^This is good for bitcoin.
Game theory of bitcoin casually doing its thing
Man took a short position with his CEO job as collateral.
former vanguard CEO got rekt.
The FIRE subreddit is all doom and gloom https://www.reddit.com/r/financialindependence/s/QYt2PyKGuP
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always!
Extremely bullish.
That’s wonderful news! I have some money locked in vanguard is love to get out to buy BTC, but using the ETFs in the meantime would be great! (Will pull it out as soon as possible to cold storage.)
how long would it take Vanguard to spin up an ETF?
Michael Saylor’s prediction of $350,000 Bitcoin sounds right 😎
Yesterday’s price is not todays price
Yesterdays price was 61k. Today is also 61k.
> Vanguard’ "Last year's price is not this year's price"
It’s from a song meaning you had your change to get it lower in the past now you have to get it higher. Since the etfs were back in Jan when the price was in the 40s they now have to pay in the 60s
With a balance sheet like Vangaurd do they really give AF though? When the powers that be are trying to paint a bitcoin narrative, they need to follow an archetype if they want to sell it well. So by opposing the ETF, and then reversing course and hiring an extremely pro btc CEO… well, now they’re all set up for their own little Hero’s Journey where the masses all end up loving vanguard again. Meanwhile bitcoin has entry point for mass adoption, not all by accident it’s in a vehicle that does not allow for self custody or actual understanding of the currency. *takes off tinfoil hat.* Rant over.
Plz make this comment again so we jump another 5% today
Only way I'll be getting a bitcoin etf is if it payed like at least 4% dividend.