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‘No Bitcoin funds from Vanguard’ - Incrypts

‘No Bitcoin funds from Vanguard’

‘No Bitcoin funds from Vanguard’

The CEO of Vanguard, Tim Buckley revealed that the firm had no idea to present any funds on Bitcoin. In an interview with CNBC, he emphasized, “You will never see a fund from Vanguard on Bitcoin. We tend to stay away from assets that don’t have underlying economic value.” However, he admired the blockchain technology and added that it would not generate any cash inflows to Vanguard.