Why did Vanguard Shun bitcoin ETFs?
Could you elaborate on the reasons behind Vanguard's decision to shun bitcoin ETFs? Given the increasing popularity and potential of cryptocurrencies, especially Bitcoin, it seems like a significant move. Is there a specific risk assessment or financial strategy that led to this choice? Were there any concerns regarding the regulatory environment or the stability of the cryptocurrency market? As a leader in the financial industry, Vanguard's stance on this matter is certainly noteworthy and I'm curious to understand the rationale behind it.