Vanguard Opens Its $11T Platform To Bitcoin And Crypto ETFs
Vanguard Group will allow bitcoin and crypto-linked exchange-traded funds and mutual funds to trade on its platform, reversing a policy that for years barred retail clients from accessing digital-asset products through the firm.
Starting Tuesday, Vanguard brokerage customers will be able to trade ETFs and mutual funds that primarily hold select cryptocurrencies, including Bitcoin and other crypto, according to Bloomberg reporting.
The move marks a shift for the world’s second-largest asset manager, which has long argued that digital assets were too volatile and speculative for long-term portfolios.
The decision follows growing demand from both retail and institutional investors and comes after the approval of spot Bitcoin ETFs in…
