Vanguard Chief Explains Passing on Bitcoin ETFs, Citing Crypto's Volatility and Uncertain Value

Vanguard did not offer Bitcoin ETFs due to high volatility and lack of value as a store of value, according to CEO Tim Buckley.

Buckley said Bitcoin does not have underlying cash flows to model future values like stocks and bonds.

Vanguard focuses on assets for long-term, diversified portfolios with controlled growth.

Crypto's volatility does not currently align with Vanguard's approach.

Vanguard is keeping an eye on crypto as a potential long-term investment if prevalence and use cases continue growing.