"Wow, that's not unusual, somehow Vanguard has also been able to attract a lot of investors in crypto."
Quick to seize the opportunity, Vanguard named BlackRock executive Samil Ramji who oversaw the launch of the iShares Bitcoin Trust (IBIT) as its new Chief Executive Officer (CEO) late Tuesday afternoon.
Reportedly, Ramji, who is truly interested in digital assets, has decided to leave BlackRock in January 2024 to seek new leadership or entrepreneurial opportunities outside the giant firm.
According to Ramji in one sense, the partnership is aimed at leading Vanguard into the future as the investment landscape is changing, so the firm should strive to continue its mission of offering people the best opportunities for more relevant investment success.
Nate Geraci, President of ETF Store said that he would be interested to see if Ramji would help Vanguard investors gain access to crypto like he once did for BlackRock.
This is because Vanguard has a somewhat negative stance towards BTC compared to Ramji which is the opposite, so here it can be seen that the incident has sparked a discussion on social media and the firm may have changed its stance.
The underlying technology that underpins Bitcoin (BTC) and blockchain technology is something to be highly praised for, said Ramji, adding that these developments could actually eliminate weaknesses across the ecosystem.
Like to announce Ramji's appointment as CEO of Vanguard will mark the first time his firm has hired a CEO from outside the company.
