Vanguard CEO says asset-management giant won’t pursue a bitcoin ETF, unlike rivals

• Vanguard CEO Tim Buckley told CNBC that the firm will not be pursuing a bitcoin ETF.
• Rival asset managers such as BlackRock and Fidelity are waiting to get their applications approved.
• Excitement over a possible spot bitcoin ETF fueled the largest weekly inflow into digital assets since July 2022.

Not all of Wall Street is planning on pursuing a spot bitcoin ETF, even as optimism rises on the regulatory pathway to create one.

While asset management rivals such as BlackRock and Fidelity have applications pending, Vanguard CEO Tim Buckley told CNBC on Friday that his firm has no plans to follow suit.