Vanguard Considers Allowing Brokerage Clients to Trade Crypto ETFs
Bloomberg reports that Vanguard, managing approximately $10 trillion, is considering allowing brokerage clients to trade crypto ETFs.
This would represent a significant shift from Vanguard's previous stance, which opposed crypto products due to volatility concerns and their fit with long-term portfolios.
The firm has historically blocked access to spot Bitcoin ETFs, labeling them as speculative.
Vanguard may not create its own crypto products but could permit trading of third-party crypto ETFs. No timeline for this has been provided.
Vanguard's potential reversal could lend greater legitimacy to crypto ETFs in traditional finance.
Despite the move, challenges remain, including volatility, regulation uncertainties, and investor protection.
