\n\n
Ah, Bitcoin! That most peculiar of digital distractions… Cathie Wood, a lady who sees… possibilities where others see only fluctuating numbers, has graciously deigned to welcome the investors of Vanguard into the arena of this electronic curiosity. Through her ARK 21Shares Bitcoin ETF (ARKB), she extends a hand, as if to say, “Come, join the game, though its rules are understood by none!”
\n\n
She proclaims Bitcoin a “profound technological and monetary innovation.” Profound, you say? Like a profoundly perplexing sumptuously decorated onion, perhaps? One peels back the layers and… still finds an onion. 🧅
\n\n
Vanguard’s Bewilderment
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It appears the venerable Vanguard, after years of steadfastly ignoring the whispers of blockchain and the allure of the volatile, has suddenly found itself… accommodating. Their investors, previously shielded from the digital wild west, can now partake in the Bitcoin frenzy without the vulgar necessity of actually understanding how it works. No need to bother with “wallets” or “private keys” – simply add an ETF to their account and pretend they understand. A most civilized arrangement!
\n\n
They’ve reversed a “long-standing ban.” Imagine the internal debates! The hand-wringing! The endless cups of tea! But now, on December 2nd (a date that surely holds cosmic significance), Vanguard’s clientele may dabble in ETFs connected to Bitcoin (BTC), Ethereum (ETH), XRP, and, dare I mention it, Solana (SOL). They are, after all, a mere $11 trillion in assets under management. One can hardly ignore such a sum, even when spent on ephemeral digital fancies.
\n\n
“A New Era” – Or Just More Fool’s Gold?
\n\n
And now, Hunter Horsley of Bitwise chimes in with pronouncements of a “new era!” Apparently, some wealth management firm controlling a staggering $350 billion (enough to buy a rather large island, one would think) and employing 10,000 financial advisors (clearly lacking more pressing concerns) has approved the Bitwise Bitcoin ETF ($BITB). A new era, indeed. Or, perhaps, just a more profitable one for those selling shovels… and ETFs. 💰
\n\n
One wonders if anyone has considered the implications of all this… but then again, what is the financial world if not a grand, elaborate game of pretending to know what one is doing? 😉
\n\n
Ah, Bitcoin! That most peculiar of digital distractions… Cathie Wood, a lady who sees… possibilities where others see only fluctuating numbers, has graciously deigned to welcome the investors of Vanguard into the arena of this electronic curiosity. Through her ARK 21Shares Bitcoin ETF (ARKB), she extends a hand, as if to say, “Come, join the game, though its rules are understood by none!”
She proclaims Bitcoin a “profound technological and monetary innovation.” Profound, you say? Like a profoundly perplexing sumptuously decorated onion, perhaps? One peels back the layers and… still finds an onion. 🧅
Vanguard’s Bewilderment
It appears the venerable Vanguard, after years of steadfastly ignoring the whispers of blockchain and the allure of the volatile, has suddenly found itself… accommodating. Their investors, previously shielded from the digital wild west, can now partake in the Bitcoin frenzy without the vulgar necessity of actually understanding how it works. No need to bother with “wallets” or “private keys” – simply add an ETF to their account and pretend they understand. A most civilized arrangement!
They’ve reversed a “long-standing ban.” Imagine the internal debates! The hand-wringing! The endless cups of tea! But now, on December 2nd (a date that surely holds cosmic significance), Vanguard’s clientele may dabble in ETFs connected to Bitcoin (BTC), Ethereum (ETH), XRP, and, dare I mention it, Solana (SOL). They are, after all, a mere $11 trillion in assets under management. One can hardly ignore such a sum, even when spent on ephemeral digital fancies.
“A New Era” – Or Just More Fool’s Gold?
And now, Hunter Horsley of Bitwise chimes in with pronouncements of a “new era!” Apparently, some wealth management firm controlling a staggering $350 billion (enough to buy a rather large island, one would think) and employing 10,000 financial advisors (clearly lacking more pressing concerns) has approved the Bitwise Bitcoin ETF ($BITB). A new era, indeed. Or, perhaps, just a more profitable one for those selling shovels… and ETFs. 💰
One wonders if anyone has considered the implications of all this… but then again, what is the financial world if not a grand, elaborate game of pretending to know what one is doing? 😉
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2025-12-09 11:05