"In a major boost for digital assets, Vanguard is set to grant its large client base access to spot crypto exchange-traded funds (ETFs). The move gives more than 50 million investors a convenient on-ramp and adds institutional legitimacy to cryptocurrencies. Vanguard's decision to support regulated crypto products signals how the asset class has matured. This shift could contribute to broader interest in crypto and may influence how some investors evaluate their portfolio options."
"Vanguard's decision to open access to spot crypto ETFs marks a major shift from its earlier anti-crypto stance and gives more than 50 million clients a regulated path to gain exposure to digital assets. The firm will allow trading of approved third-party ETFs tied to BTC, ETH, XRP and SOL while avoiding memecoins or unregulated tokens and choosing not to launch its own crypto products."
Vanguard will permit clients to trade approved third-party spot crypto ETFs and mutual funds that hold selected underlying cryptocurrencies. The firm will enable regulated exposure to major coins while excluding memecoins and unregulated tokens and will not launch its own crypto products. The change provides more than 50 million investors a convenient on-ramp and adds institutional legitimacy to digital assets. The move reflects a broader trend of large financial firms integrating crypto products and could increase acceptance of crypto as part of diversified investment strategies.
Read at Cointelegraph
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