Will give clients access to XRP and other crypto funds – DL News
- Vanguard is the world’s second biggest asset manager, rivaling BlackRock.
- The firm has resisted joining the cryptocurrency rush until now.
Vanguard, the $11 trillion asset manager famous for resisting the cryptocurrency trend, is reversing course and will allow spot crypto exchange-traded funds to trade on its platform starting Tuesday.
The move is seen as a major concession to investor demand.
Vanguard serves clients with “diverse needs and risk profiles” and aims to give them “the ability to invest in products they choose,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg.
Vanguard clients will be able to buy and sell ETFs and mutual funds holding Bitcoin, Ethereum, XRP and Solana. Kadjeski said…
