Yesterday, it was revealed that Vanguard has increased its investment in Bitcoin mining companies Marathon Digital Holdings and Riot Blockchain.
The Vanguard Group and increased exposure to Bitcoin mining
The Vanguard Group (often just called Vanguard) is one of the world’s largest investment companies.
It is based in the US, and has about $7.7 trillion in assets under management.
Vanguard was founded in 1975 in Pennsylvania, and to date is the largest provider of mutual funds, and the second largest provider of ETFs after BlackRock’s iShares.
It also offers brokerage, educational account services, financial planning, wealth management, and trust services.
In addition, several mutual funds managed by Vanguard have ranked among the top US mutual funds by assets under management, and along with BlackRock and State Street it is considered one of the big three index fund managers with a dominant role in the US.
A special characteristic is that since it is owned by the funds it
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