US EditionVanguard Exec Says Bitcoin Is Like 'A Digital Labubu'
Vanguard allows spot Bitcoin ETFs on its platform but will not launch crypto ETFs or advise clients, citing Bitcoin's speculative nature and lack of durable economic value.
- On Thursday at Bloomberg's ETFs in Depth conference in New York, John Ameriks, Vanguard Group Global Head of Quantitative Equity, likened Bitcoin to a `digital Labubu`, framing it as speculative.
- Following tests through market volatility, Vanguard Group recently opened its brokerage platform to select spot Bitcoin exchange-traded funds but will not launch its own crypto ETFs or offer trading guidance.
- Ameriks argued Bitcoin fails Vanguard's long-term criteria, citing its lack of income, compounding, and cash-flow traits, and said its short history limits a clear investment thesis.
- Vanguard's platform change gives its 50 million clients access to regulated spot Bitcoin ETFs from rivals like BlackRock and Fidelity, benefiting competitors and marking a reversal of skepticism.
- Market technicals show BTC rebounded near $85,000 earlier this month but remains below key moving averages with the 100-day EMA near $101,700, and Ameriks said bitcoin might only prove non-speculative in limited conditions like high inflation or political instability.
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One News PageVanguard’s $11T Crypto Reversal: Can 50 Million New Investors Push Bitcoin to $100K?
Quick Read Vanguard reversed its crypto ban and now allows 50 million clients to access Bitcoin ETFs starting December 2025. Bitcoin jumped 6% to $93,000 on the news and liquidated $400M in short positions within 24 hours. If just 1% of Vanguard’s $11T flows into Bitcoin that represents $110B in new potential capital. If you’re focused on picking the right stocks and ETFs you may be missing the bigger picture: retirement income. That is exac…
Vanguard emphasized that despite allowing spot Bitcoin ETF transactions, it has not changed its perspective on Bitcoin and views the asset as a speculative collector's item rather than a long-term investment vehicle. The world's largest... Vanguard Keeps Distance Despite Allowing Bitcoin ETF Transactions: Vanguard...
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