Vanguard To Support Bitcoin And Crypto ETFs On Its Investment Platform
Vanguard Group, which claims to be one of the world’s largest asset managers, has reportedly made the decision to permit ETFs and mutual funds that mainly hold crypto-assets to be traded on its platform. Interestingly, this new move goes against a longstanding position that the firm’s previous CEO firmly held. They had claimed Vanguard would never ever offer Bitcoin ETFs or similar products (but things have now changed apparently since the departure of the previous CEO).
Beginning on Tuesday, Vanguard will reportedly support ETFs as well as mutual funds that mainly hold certain crypto-assets such as Bitcoin, Ethereum, XRP, and Solana, to be eligible for trading via its platform.
As widely reported, this update seemingly goes…
