Vanguard Executive Compares Bitcoin To A ‘Digital Labubu’ Even As Firm Allows Client Access To Crypto ETFs

Vanguard Executive Compares Bitcoin To A ‘Digital Labubu’ Even As Firm Allows Client Access To Crypto ETFs

Vanguard executive likens Bitcoin to a speculative asset, while the firm opens door to crypto-tied ETFs. Other major U.S. brokers, such as Wells Fargo and Merrill, are also introducing spot Bitcoin ETFs to wealth clients.