Salim Ramji, Vanguard's incoming CEO and former head of BlackRock's global ETF business, asserts that the investment giant will maintain its stance against offering a spot Bitcoin (CRYPTO:BTC) exchange-traded fund (ETF), citing consistency with Vanguard's investment philosophy.

Despite overseeing the launch of BlackRock's Bitcoin ETF, Ramji aligns with Vanguard's view of crypto as too speculative and immature for inclusion in its product lineup.

While competitors like Fidelity have embraced Bitcoin funds, Vanguard, with its $8.6 trillion in assets under management (AUM), opts to avoid direct exposure to cryptocurrency.

Although there's speculation about potential changes under Ramji's leadership, Bloomberg ETF analyst James Seyffart doubts the introduction of a Vanguard Bitcoin ETF but suggests a possible reversal in allowing clients access to other spot Bitcoin ETFs on its brokerage platform.