Vanguard Appoints Crypto-Friendly Salim Ramji as CEO, Sparks Speculation on Bitcoin ETFs

Salim Ramji, a former executive at Blackrock renowned for his leadership in Ishares and Index Investments, and for overseeing the filing for Blackrock’s Ishares Bitcoin Trust, has been appointed the new CEO of Vanguard, signaling a potential shift in the asset management firm’s stance on cryptocurrencies. Ramji, set to replace Tim Buckley on July 8, brings a pro-Bitcoin and blockchain technology perspective that contrasts with Vanguard’s traditionally cautious view on digital assets, raising industry speculation on whether this could lead to the introduction of spot bitcoin ETFs under his leadership. This marks a significant departure for Vanguard, known for its internal leadership succession, and suggests a possible openness to revisiting its strategy on cryptocurrency investments in response to client feedback and the evolving financial landscape.