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In a recent interview with Barron’s, Ramji highlighted the importance of aligning a firm’s products with its core values. He referenced Vanguard’s investment philosophy, as explained by Chief Investment Officer Greg Davis. Vanguard’s decision not to launch its own spot Bitcoin ETF and to also not offer its clients trading access to other spot Bitcoin ETFs in the U.S. demonstrates their commitment to their principles, a move 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 a spot Bitcoin ETF before departing the company.
In other news, Nasdaq-listed business intelligence firm MicroStrategy (MSTR), known for holding over $13 billion worth of Bitcoin, is set to join the MSCI World Index after a rally in its shares. This move will make MicroStrategy one of the 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 addition of MicroStrategy to the MSCI World Index further illustrates the increasing trend of cryptocurrency exposure finding its way into traditional investment portfolios. With billions of dollars tracking or benchmarked against the MSCI World Index, this shift highlights the evolving landscape of investment strategies in the modern financial world.
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