By In a recent interview with Barron’s, Ramji emphasized the importance of alignment between a firm’s products and its core values. He reinforced this point by referencing Vanguard’s investment philosophy, as explained by Chief Investment Officer Greg Davis.
While Vanguard has decided against launching its own spot Bitcoin ETF, the firm controversially also doesn’t offer its clients trading access to the numerous spot Bitcoin ETFs that were launched in the U.S., something that wasn’t addressed in the interview.
Before joining Vanguard, Ramji was at BlackRock, where he led the global iShares business and played a key role in BlackRock’s successful bid to launch and gain approval for a spot Bitcoin ETF, before departing the company.
MicroStrategy Joins MSCI World Index
Nasdaq-listed business intelligence firm MicroStrategy (MSTR), the largest corporate holder of Bitcoin with over $13 billion worth of BTC on its balance sheet, will be added to the key MSCI World Index after the firm’s shares rallied.
The move will mean MicroStrategy will be one of the three largest additions to the global equity index in terms of market capitalization, Index providers regularly update their gauges, with the latest changes taking effect at the end of May.
The shift further shows how cryptocurrency exposure is increasingly finding its way onto traditional investment portfolios, given that billions of dollars track or are benchmarked against the MSCI World Index.
