Cathie Wood criticizes Vanguard for avoiding Bitcoin:

Cathie Wood is the boss of Ark Invest, a company that invests in new technologies. She said that Vanguard, another big company that helps people invest their money, is making a bad mistake by not letting their customers buy Bitcoin ETFs. Bitcoin ETFs are a way to invest in Bitcoin, which is a new kind of money that works on the internet and does not depend on any government or bank. Wood said that Vanguard is missing out on a historic opportunity to be part of this new money system.

Wood said this after Vanguard said again that they do not want to invest in cryptocurrencies. Cryptocurrencies are different kinds of digital money, like Bitcoin. Vanguard does not offer any products that let people buy or sell cryptocurrencies. They also do not invest in any funds that buy cryptocurrencies directly.

Before that, a person who works for Vanguard told Axios, a news website, that this decision is in line with what Vanguard believes in.

Vanguard's decision made many of their customers unhappy. Many of them closed their accounts and moved to other companies that do let them buy Bitcoin ETFs. Vanguard also faced a lot of anger online. People complained that they could not buy Bitcoin on Vanguard's platform. On some websites, like X, people started using the hashtag #BoycottVanguard to show their protest. Some Bitcoin supporters also told their friends to move their retirement savings from Vanguard to other companies, like Fidelity, that are more friendly to Bitcoin.