Tim Buckley, the Leading edge CEO below whose look the gargantuan asset supervisor has shunned procedure bitcoin ETFs, will retire this year and a search is underway for his substitute, according to a observation from the firm.
Whereas diversified main U.S. financial institutions bear embraced the sole within the near past accepted bitcoin ETFs, Leading edge has stood out for no longer allowing its brokerage potentialities to manufacture so.
The Thursday announcement of Buckley’s impending departure has some questioning on social media whether this has something to manufacture with that stance – and whether Leading edge would possibly maybe maybe trade its thoughts below contemporary management.
Whether or no longer it even needs to trouble is one other question. Bloomberg analyst James Seyffart illustrious Thursday that one in every of Leading edge’s ETFs, VOO, which tracks the S&P 500 Index, has attracted $15.7 billion in derive contemporary money to this level this year, double what BlackRock’s procedure bitcoin ETF, IBIT, has restful.
Leading edge is “doing loyal fine my associates,” Seyffart posted on X.
