Bitcoin-hating Vanguard rethinks crypto ban, weighs allowing ETF trading
Vanguard Group is considering allowing trading of crypto-focused exchange-traded funds on its platform.
The decision would open access for more than 50 million clients, who collectively hold about $11 trillion in assets with the firm.
At present, the company does not manage any crypto ETFs, and its clients are blocked from buying Bitcoin or Ether ETFs managed by other firms.
A Vanguard spokesperson allegedly confirmed the review to Crypto in America, saying, “We continuously evaluate our brokerage offer, investor preferences, and the evolving regulatory environment. If and when a decision is made, clients will hear directly from Vanguard.”
This cautious language reflects years of resistance, during which the firm labeled…
