Vanguard, the world’s second-largest asset management company, is working towards allowing its brokerage platform clients to invest in cryptocurrency exchange traded funds (ETFs). The firm is the largest mutual fund issuer and manages over $10 trillion of assets while being a major provider of ETFs.
According to a report by Crypto in America, Vanguard said that it has begun laying the groundwork and holding external discussions in response to strong client demand for digital assets and a shifting regulatory environment.
The firm clarified that there are currently no plans for Vanguard to launch its own products, as BlackRock has done. Instead, the firm is considering letting brokerage customers access select third-party crypto ETFs, though it remains unclear when a decision will be made or which products would be offered.
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