Vanguard Reverses Years-Long Crypto Ban With New Trading Features From Tomorrow
Vanguard will allow trading of regulated crypto-focused ETFs and mutual funds on its platform starting December 2nd.Summary
Vanguard, the $8 trillion US asset manager, is reversing its long-standing ban on digital asset products, allowing its 50 million brokerage customers to trade crypto-focused ETFs and mutual funds starting December 2nd. The firm confirmed it will support products tracking Bitcoin, Ether, XRP, and Solana, but will continue to block funds tied to meme coins and will not launch its own digital asset products. This major policy shift follows years of resistance, during which Vanguard executives cited crypto's speculative nature and lack of intrinsic value. The reversal is attributed to persistent investor demand, the success of Bitcoin ETFs, and leadership changes, notably the appointment of new CEO Salim Ramji. Vanguard noted that despite current crypto market drawdowns, the operational maturity of crypto products and client expectations for broad asset access prompted the decision.
(Source：BeInCrypto)