Cathie Wood criticized Vanguard's decision to not offer Bitcoin ETFs as "terrible," saying it will deprive investors of accessing the first global, decentralized monetary system. Vanguard's stance has sparked a backlash on social media, with the #BoycottVanguard hashtag trending and some investors moving to platforms that offer crypto exposure. Some analysts think demand may grow for alternative investments like crypto as it expands into consulting. However, Wood predicts major consolidation where only robust players with strong infrastructure and sales teams will thrive in the competitive Bitcoin ETF market.
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00:00 It's Benzinga and here's what's on the block.
00:02 Matthew Wood criticized Vanguard's decision to not offer Bitcoin ETF as terrible,
00:07 saying it will deprive investors from accessing the first global decentralized monetary system.
00:12 Vanguard's stance has sparked a backlash on social media with the hashtag #BoycottVanguard,
00:18 trending and some investors moving to platforms that offer crypto exposure.
00:22 Some analysts think the demand may grow for alternative investments like crypto as it
00:27 expands into consulting. However, Wood predicts major consolidation where only robust players
00:33 with strong infrastructure and sales teams will thrive in a competitive Bitcoin ETF market.
00:36 For all things money visit Benzinga.com