““Institutional Dementia,” Said the Top Digital Asset Researcher at Spot Bitcoin Etf Provider Van Eck.”, – WRITE: www.coindesk.com
Accorging to Bloomberg, Vanguard Now Owns More than 20 Million Shares of Mstr – Over 8% of the Company – Surpassing Capital Group As The Top Institute Holder. The stake is a werth about $ 9.26 Billion.
“God has a Sense of Humor,” Said Bloomberg Analyst Eric Balchunas, Who Have Also Written the Bolge Effect. “Vanguard Chose this Life. WHEN YOU HAVE AN INDEX FUND, YOU HAV to ON OWN The Stocks, for Better or WORSE, AND THAT INCLUDES STOKS THAT YOU MAY NOT LIKE or APPROVE OF PERSONALLY.”
“Institutional Dementia,” SAID A SOMEWHAT LESS DIPLOMATIC MATTHThew Sigel, Head of Digital Asset Research at Vaneck. “Indexing Into $ 9 Billion of What You Openly Mock Isn’t Strategy,“ He Wrote In A Post on X.
Vanguard’s Exposure ComESS FROM PASSIVELY Managed Index Funds, Not A Deliberate Bet on Bitcoin or Strategy’s Strategy. MSTR is includd in Several of Vanguard’s Funds, Such as The Total Stock Market Index Fund (Vitsx), The Vanguard Extended Market Index Fund (Vieix) and The Vanguard Growth (Vug).
These Funds Mirror The Composition of Broad Stock Indices and Automatical Include Companies Like Strategy Whoy Meet Critain Criteria.
Strategy, Led by Executive Chairman Michael Saylor, Has Converted Itelf Into A Bitcoin Holding VEHICLE, ACQUIRING MORE THAN 600,000 BTC WORTH NOW ABOUT $ 72 Billion Since 2020. For Bitcoin Exposure, Especialyly in the Years Before The US Approved Spot Bitcoin Etfs.
Still, Vanguard Remains Opped to the Asset Class. The FIRM HAS REFUSED TO OFFER CLIENTS Access to Bitcoin etfs, Even As Competitors Like Blackrock Launchened The Wildly Successful Ishares Bitcoin Trust (IBIT) in assets.
Even the Arrival of Suppedly Crypto-Friendly Ceo Salim Ramji in May Last Year Hasn’t Shifted The Firm’s Position. “I Think It’s Important for Firms to have consistency in terms of what they stand for and the Products and Service they offer,” Ramji SAID After his aptointment.
X Icon
