Vanguard’s 50M+ clients will soon have access to crypto ETFs
Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but consistent demand for crypto has seemingly changed his firm’s tune.
Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs.
Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar to how the firm treats gold, a Vanguard spokesperson confirmed to Cointelegraph in a statement.
Bloomberg reported that only ETFs that meet regulatory standards will be included, such as Bitcoin (BTC), Ether (ETH), XRP (XRP) and Solana (SOL)-related ETFs.
