Tim
Buckley,
the
Vanguard
CEO
under
whose
watch
the
giant
asset
manager
has
shunned
spot
bitcoin
ETFs,
will
retire
this
year
and
a
search
is
underway
for
his
replacement,
according
to
a
statement
from
the
company.
While
other
major
U.S.
financial
institutions
have
embraced
the
recently
approved
bitcoin
ETFs,
Vanguard
has
stood
out
for
not
allowing
its
brokerage
customers
to
do
so.
The
Thursday
announcement
of
Buckley’s
impending
departure
has
some
wondering
on
social
media
whether
this
has
something
to
do
with
that
stance
–
and
whether
Vanguard
might
change
its
mind
under
new
leadership.
Whether
it
even
needs
to
bother
is
another
question.
Bloomberg
analyst
James
Seyffart
noted
Thursday
that
one
of
Vanguard’s
ETFs,
VOO,
which
tracks
the
S&P
500
Index,
has
attracted
$15.7
billion
in
net
new
money
so
far
this
year,
double
what
BlackRock’s
spot
bitcoin
ETF,
IBIT,
has
collected.
Vanguard
is
“doing
just
fine
my
friends,”
Seyffart
posted
on
X.
