Vanguard clients can trade funds holding crypto like Bitcoin, XRP and Solana starting this week: Bloomberg
Vanguard will now allow clients to trade ETFs and mutual funds holding cryptocurrencies like Bitcoin, XRP, and Solana.Summary
Vanguard is reversing its previous stance and will now permit clients to trade funds holding cryptocurrencies such as Bitcoin, XRP, and Solana on its platform starting this week, according to a Bloomberg report. This decision follows pressure from both retail and institutional clients, marking a significant step toward integrating traditional capital with digital assets. Andrew Kadjeski, Vanguard's head of brokerage and investments, stated that the administrative processes for servicing these funds have matured and investor preferences are evolving. Vanguard's platform serves over 50 million brokerage customers managing more than $11 trillion, making this policy shift a major development in the convergence of traditional finance and crypto.
(Source：The Block)