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by ch4s3 494 days ago
This is for the same reason they don't mix gold ETFs into their indexes. The point of their funds is to track companies that produce goods and services, not asserts and commodities.
1 comments
latchkey 494 days ago
Twist things around however you want, but VGPMX [0] invests in the companies producing precious metals. 1/4 of the portfolio is that.

[0] https://investor.vanguard.com/investment-products/mutual-fun...

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Aloisius 494 days ago
Vanguard invests in bitcoin companies. They just don't have a dedicated ETF or mutual fund.

For instance, Vanguard is one of the largest institutional investors in MSTR and MARA.

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latchkey 493 days ago
MSTR is now a direct proxy for btc, and MARA definitely is. Having massive investments in those stocks while claiming "we only invest in companies, not crypto", feels super wonky to me.
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