Exclusive: Vanguard is doubling-down on its "no-crypto" stance in investing, saying it will not only sit out the rush into spot bitcoin ETFs, but also yank existing bitcoin futures products from its brokerage offerings. https://t.co/4RphJILnLX
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This is surprisingly dumb from the perspective of the Efficient Frontier Theory that Vanguard has based their entire existence on. A mix of all assets are part of the theoretical market portfolio, the only reason not to include an asset would be from outsized transaction, holding, or other cost inefficiencies.
A small proportion of cryptocurrency indexing is appropriate for a well diversified portfolio.
