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

A senior Vanguard executive has asserted that Bitcoin is a purely speculative asset, likening it to a collectible toy, even as the Wall Street behemoth opened the door to crypto-tied exchange-traded funds. Bitcoin Is No Better Than A Plush Toy: Vanguard Analyst Speaking during Bloomberg’s ETFs in Depth conference in New York on Thursday, Vanguard’s