The Vanguard Group, Inc. will pay $106.41 million to settle allegations of misleading statements regarding its capital gains allocation and tax impact that affected retail investors holding Vanguard Investor Target Retirement Funds (Investor TRFs) in taxable accounts, the Securities Exchange Commission (SEC) said in a press release. The settlement amount will be distributed to affected investors. Previously, Vanguard CEO Tim Buckley said the company would not pursue a bitcoin ETF like rivals such as BlackRock and Fidelity. A spokesperson said the reasons for not launching a bitcoin ETF are the same as never launching a gold ETF, which lacks "intrinsic value", has no cash flow and is too volatile.