Pennsylvania-based financial giant Vanguard has stated that it will not be involved in Bitcoin exchange-traded funds (ETFs) due to its lack of interest in commodities. Vanguard sees commodities as speculative investments and believes that they are only worth what someone else will pay for them. However, some believe that Vanguard's decision to ban Bitcoin ETFs is limiting the investment choices of its sophisticated investors. In contrast, competitor BlackRock successfully launched a Bitcoin ETF earlier this year. Vanguard's CEO, Salim Ramji, a former BlackRock executive, has confirmed that BlackRock will not be launching a Bitcoin ETF. Vanguard currently manages $2.6 trillion worth of assets in its ETFs and recently celebrated its 50th anniversary.



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