VANGUARD APPOINTS BITCOIN-FRIENDLY FORMER BLACKROCK ETF LEAD AS CEO

Summary from the TLDR Crypto newsletter

Investment management firm Vanguard has appointed Salim Ramji as its new CEO and board member. Ramji previously led BlackRock's global ETF department, overseeing the iShares spot Bitcoin ETF launch. Vanguard was previously anti-Bitcoin and did not allow brokerage account holders to buy Bitcoin ETFs as they thought the assets were too risky. Analysts are mixed on whether this hire will shift Vanguard's position on Bitcoin.