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Crypto News Today: Microstrategy Joins Global Index | Vanguard excludes Bitcoin ETF
In a recent interview with Barron’s, Ramji highlighted the importance of alignment between a company’s products and its core values. He reinforced this point by referring to Vanguard’s investment philosophy, as explained by Chief Investment Officer Greg Davis.
While Vanguard has decided not to launch its own Bitcoin spot ETF, the company controversially does not offer its clients trading access to the numerous Bitcoin spot ETFs launched in the U.S., which was not addressed in the interview .
Prior to joining Vanguard, Ramji worked at BlackRock, where he led the global iShares business and played a key role in BlackRock’s successful attempt to launch and gain approval for a spot Bitcoin ETF, before leaving the company .
MicroStrategy joins the MSCI World Index
MicroStrategy, a business intelligence company listed on the Nasdaq (MSTR), the largest Bitcoin-holding company with more than $13 billion worth of BTC on its balance sheet, will be added to the key MSCI World index after the company’s shares rise.
The move will mean MicroStrategy will be one of the three largest additions to the global stock index in terms of market capitalization, with index providers regularly updating their indicators, with the latest changes taking effect at the end of May.
This shift also shows how cryptocurrency exposure is increasingly making its way into mainstream investment portfolios, as billions of dollars track or are benchmarked against the MSCI World Index.