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Vanguard will allow ETFs and mutual funds that hold cryptocurrencies to trade on its platform
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Major reversal from its long standing anti crypto stance
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Decision driven by strong demand from retail and institutional clients
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Change gives access to funds holding bitcoin, ether, XRP, solana and more
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Vanguard serves over 50 million brokerage customers
Vanguard Reverses Its Position on Crypto Products
Vanguard will begin allowing ETFs and mutual funds that primarily hold cryptocurrencies to trade on its platform, according to Bloomberg. This marks a major shift for the world’s second largest asset manager, which had previously refused to support any crypto ETF products.
The change comes after months of pressure from clients, including large institutions.
Crypto ETFs Now Accessible to Vanguard Users
Starting this week, investors will be able to trade funds holding bitcoin, solana, XRP, ether and other cryptocurrencies. Vanguard said these products have proven their ability to handle volatility and maintain liquidity, making the firm more comfortable offering them to investors.
The move opens the door for significant new inflows, given the platform’s more than 50 million brokerage customers and over 11 trillion dollars in assets.
Traditional Finance Continues to Embrace Digital Assets
Vanguard’s move highlights the continued merging of traditional finance and crypto. ETF launches have accelerated across the sector, covering assets from bitcoin to Dogecoin. Analysts expect more than 100 new crypto ETFs to launch in the next six months.
