Vanguard Opens Crypto ETF Trading to 50 Million Clients
- Vanguard, the world’s second-largest asset manager, will be adding crypto ETFs and mutual funds to its brokerage platform on Tuesday US time, according to Bloomberg.
- Most crypto-based products that meet regulatory requirements will be added to the platform, although those based on memecoins will remain excluded.
- Vanguard has over 50 million clients worldwide and manages around US$11 trillion in assets. Given the firm’s size there are hopes a wave of new capital could flow into crypto markets.
Vanguard has dropped its long-standing opposition to digital assets and, starting Tuesday US time, will allow its 50 million clients globally to trade cryptocurrency-based assets via its brokerage platform, as…
