Internet reported that on January 18, according to the U.S. Securities and Exchange Commission (SEC) in a press release, The Vanguard Group, Inc. $106.41 million will be paid to settle allegations of misleading statements on capital gains distribution and tax effects that affected retail investors holding Pioneer Investor TRFs in taxable accounts. The settlement amount will be distributed to affected investors. Previously, Vanguard Group CEO Tim Buckley said the company would not seek Bitcoin ETFs like competitors such as BlackRock and Fidelity. A spokesperson said the reasons for not launching a Bitcoin ETF are the same as the reasons why a gold ETF has never been launched. Bitcoin lacks "intrinsic value", has no cash flow, and is too volatile.