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🚨Vanguard Exec Calls #Bitcoin a 'Digital Labubu', Even as Firm Offers Crypto ETF Trading

👉A senior Vanguard executive this week likened Bitcoin to a speculative toy, even as the asset manager moved to allow clients to trade crypto-linked exchange-traded funds—underscoring continued skepticism toward digital assets despite recent national policy shifts.

Vanguard’s global head of quantitative equity, said Bitcoin lacked the cash flow and compounding characteristics the firm sought in long-term investments. Speaking for ETFs in Depth conference in New York, Ameriks described the cryptocurrency as a “digital Labubu,” a reference to the viral plush collectibles.#Binanceholdermmt