Vanguard CEO will retire at the end of this year

ChainCatcher news, according to the official announcement, asset management giant Vanguard's CEO Tim Buckley will retire at the end of this year and is currently seeking a successor.

Tim Buckley previously stated that Vanguard would not seek to launch a Bitcoin ETF like competitors BlackRock and Fidelity, citing that Bitcoin lacks "intrinsic value," has no cash flow, and is too volatile. Buckley's departure has led the crypto community to speculate whether the new leadership will change its attitude towards cryptocurrencies.