Vanguard, the investment giant known for its traditional approach, might have a surprising secret: indirect exposure to Bitcoin. While they don't offer Bitcoin ETFs, a large stake in MicroStrategy (a company heavily invested in Bitcoin) paints a different picture.
Second-Largest Shareholder with Bitcoin Benefits?
Vanguard holds a significant 8.24% stake in MicroStrategy, making it the company's second-biggest institutional shareholder. This translates to indirect ownership of a portion of MicroStrategy's massive Bitcoin holdings (almost 190,000!). While Vanguard avoids direct Bitcoin exposure, its clients potentially benefit from Bitcoin's price movements through these MicroStrategy shares.
Mixed Messages: Public Aversion, Private Investment?
The plot thickens when you consider Vanguard's public stance. In January 2024, they actively blocked client access to spot Bitcoin ETFs on their platform. This decision seemingly contradicted their significant investment in MicroStrategy, dubbed by some as "a leveraged Bitcoin ETF in disguise."
Related:https://www.meowdini.news/post/bitcoin-bull-at-the-helm-vanguard-s-new-ceo-stirs-up-crypto-frenzy
A Wait-and-See Game for Crypto Investors
Vanguard's indirect Bitcoin exposure raises questions about its future strategy. Will they embrace Bitcoin more openly, or will this remain a unique situation? Crypto enthusiasts should keep a watchful eye as this story unfolds.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
Source: Binance
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