Vanguard, the world’s second-largest asset manager, will begin allowing its clients to trade crypto exchange-traded funds and mutual funds on its platform starting Tuesday, marking a major shift from its earlier position against digital asset products.
A spokesperson said that the decision comes after strong, ongoing demand from both retail and institutional investors. Vanguard will now offer third-party access to crypto-linked ETFs and mutual funds in the same way it already handles gold investment products.
According to Bloomberg, only ETFs that meet regulatory requirements will be available. These include products tied to Bitcoin (BTC), Ether (ETH), XRP, and Solana (SOL).
“We serve millions of investors who have diverse needs and risk profiles, and we aim to provide a brokerage trading platform that gives our brokerage clients the ability to invest in products they choose.”
Vanguard
Vanguard manages more than $11 trillion in assets globally as of January, making it second only to BlackRock.
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Vanguard Changes Its Mind About Crypto
Vanguard had consistently taken a stand against the inclusion of crypto ETFs on its platform, claiming that such digital assets were too turbulent and speculative for the investors looking for the long run. The company’s then-CEO Tim Buckley, in a video posted in May 2024, still talked along those lines and called Bitcoin “not suitable” for a retirement-focused portfolio.
Buckley made his retirement announcement in February 2024 and began to retire in December of the same year. His successor, Salim Ramji, who was the head of BlackRock’s global ETF division, had also in August of that same year expressed that he would never consider the idea of launching crypto investment products.
