Browsing:Ark Invest

Vanguard Faces Backlash as Cathie Wood Criticizes Bitcoin ETF Rejection
2 months ago 1 min read

Cathie Wood criticizes Vanguard’s rejection of Bitcoin ETFs

The Securities and Exchange Commission’s (SEC) approval of Bitcoin ETFs, a recent twist in the crypto landscape, marked a significant milestone for the digital asset realm. However, Vanguard, the investment giant, has chosen not to include Bitcoin ETFs in its offerings, drawing criticism from prominent figures such as Cathie Wood, CEO of Ark Invest. Cathie Wood publicly expressed her dissatisfaction with Vanguard’s decision, calling it “terrible.” She expressed concern that the investment behemoth might prevent investors from participating in what she called the “first global, decentralized monetary system.” Wood’s criticism highlights the schism in the investment industry over the adoption