$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.”