Market Watch

$11T Asset Management Giant Vanguard to Allow Client Access to Crypto ETFs

Vanguard, one of the world’s largest asset managers with roughly $11 trillion in assets under management, will begin allowing customers to trade cryptocy ETFs and mutual funds on its brokerage platform starting Tuesday, according to Bloomberg. “Cryptocy ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg. “The administrative processes to service these types of funds have matured; and investor preferences continue to evolve.”

Vanguard said it will support most crypto ETFs and mutual funds that meet regulatory standards, similar to how it treats gold and other niche asset classes, the story said. Funds tied to memecoins or unsupported by the SEC will remain barred. The firm added that it has no current plans to launch its own crypto products, according to the report.
The move gives Vanguard’s 50 million clients access to regulated crypto funds like those from rival asset manager BlackRock. Crypto ETFs have become a key gateway for U.S. investors to gain exposure to digital assets. Spot bitcoin ETFs mushroomed to almost $120 billion in assets under management since the January 2024 debut, while ethereum vehicles swelled to nearly $20 billion, SoSoValue data shows.
Terron Gold

Recent Posts

Senator Murphy Alleges White House Insiders Profited From Iran Strike Bets, Pushes to Ban Prediction Markets on Government Actions

U.S. Senator Chris Murphy (D-Conn.) is calling for legislation to ban prediction markets that allow traders to bet…

2 days ago

IRS Proposes Electronic-Only Delivery For Crypto Tax Forms Under New Reporting Rules

The U.S. Internal Revenue Service (IRS) has proposed a new rule that would allow cryptocy brokers to deliver…

2 days ago

Crypto-Friendly Fintech Revolut Files For U.S. Banking License to Expand Crypto and Payments Services

Global fintech powerhouse Revolut has filed an application for a U.S. banking license, a move that would allow…

2 days ago

Suspect Arrested on Caribbean Island of Saint Martin in $46M Seized Crypto Theft Case

A man accused of stealing tens of millions of dollars in cryptocy from U.S. government…

2 days ago

NYSE Parent ICE Invests in Crypto Exchange OKX at $25B Valuation Amid Tokenized Stocks Push

Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange — has taken a strategic…

2 days ago

AI Models Favor Bitcoin as a Store of Value, Stablecoins for Payments, BPI Study Finds

A new study from the Bitcoin Policy Institute (BPI) found that leading artificial intelligence models overwhelmingly favor Bitcoin…

2 days ago