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Vanguard CEO says, “We Won’t Be Pursuing a Bitcoin ETF”

Tim Buckley, Chairman and CEO of Vanguard, the second-largest asset manager and supplier of exchange-traded funds (ETFs) in the world, joined CNBC’s “The Exchange” to discuss the status of the stock and bond markets as well as investor behavior in the face of rising interest rates.

Speaking from Vanguard’s Pennsylvania headquarters, Buckley advised investors amidst heightened market volatility and economic uncertainty. He also explained why his company, the second-biggest producer of ETFs, has no interest in Bitcoin.

Buckley’s main advice to investors was to “stay the course,” a straightforward advice that has worked well in different market conditions despite its seeming banality. He emphasized the significance of the core ideas of investment, which remain unchanged in the face of market fluctuations. 

As stocks put the “wind in your sails” and let…

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