Vanguard, a global investment giant with more than $11 trillion under management, is set to open its platform to a wide range of crypto ETF products beginning December 2.
Clients will be able to trade ETFs backed by Bitcoin, Ethereum, XRP, and Solana, marking a notable departure from the firm’s long-held stance that digital assets were unsuitable for long-term portfolios.
According to Bloomberg, Vanguard will now allow both ETFs and mutual funds that hold crypto directly. This shift comes despite more than $1 trillion in crypto-market losses since October, suggesting that institutional demand for regulated digital-asset products continues to rise in the U.S.
The change aligns with strategic adjustments introduced by new CEO Salim Ramji, known for his support of blockchain-based innovation. Vanguard said that infrastructure supporting crypto ETFs has matured significantly, although it still refuses to launch its own crypto funds. Products linked to highly speculative tokens, including memecoins, remain banned on the platform.
You need to login in order to Like
Leave a comment