Vanguard Group may now allow clients to trade spot Bitcoin exchange-traded funds, but one of the firm’s senior investment leaders says its underlying view of crypto remains unchanged.

Inigo Fraser Jenkins once warned that passive investing was worse for society than Marxism. Now he says even that provocative framing may prove too generous.

The S&P 500 has climbed more than 16% in 2025, while Bitcoin is down 3% — the first time since 2014 that stocks have rallied while the token is down, according to data compiled by Bloomberg.

A special class of financial advisers is helping long-married couples handle the often tangled complications of splitting up. 

A special class of financial advisers is helping long-married couples handle the often tangled complications of splitting up. 

Bitcoin ETF inflows — once a steady drumbeat of demand — are vanishing. For a market that treats those signals as gospel, the shift is stoking fears the crypto downdraft has further to go.