Vanguard to open crypto ETFs to customers
Another day, another massive financial institution embraces crypto. This time it’s Vanguard, the world’s second largest asset management firm. Starting on Tuesday, Bloomberg reports the brokerage—which long took the position that crypto is not a suitable investment for its clients—will begin listing crypto ETFs and mutual funds, including those for Bitcoin, Ether, Solana, and XRP.
Vanguard has about $11 trillion in assets and more than 50 million customers. The move means that investors of all kinds can now buy and sell crypto ETFs.
The firm has, historically, not been shy about its distaste for crypto. When Bitcoin ETFs launched in the U.S. last year, Vanguard’s CEO said that he didn’t believe they belonged in a long-term…
