Despite Bitcoin ETFs being the most successful ETF launch in history, and Vanguard— the second-largest asset management company after BlackRock—holding significant stakes in crypto-related firms like Coinbase and MicroStrategy, Vanguard remains strongly anti-Bitcoin.

Janel Jackson, Vanguard's Global Head of ETFs, stated, "[Bitcoin] may be classified as a commodity, but it is an immature asset with a limited history, no intrinsic economic value, no cash flow, and the potential to destabilize a portfolio."

Similarly, Vanguard steers clear of gold due to its volatility and unpredictability, viewing it as riskier compared to traditional assets like stocks and bonds. Consequently, Vanguard does not support gold trading either.