Vanguard, the prominent investment management firm, has made a dramatic policy shift by announcing that it will allow its clients to trade cryptocurrency exchange-traded funds (ETFs) and mutual funds starting tomorrow, US time. This decision reverses years of hesitation towards the digital asset market and comes after strong demand from both individual and institutional investors.
The move grants more than 50 million Vanguard brokerage accounts access to regulated crypto investment instruments, significantly expanding the reach of cryptocurrency investments. Vanguard stated that it will support most crypto ETFs and investment funds that meet regulatory standards, but emphasized that it has no plans to create its own digital asset inventory. Notably, the company will not offer funds tied to memecoins on its platform, focusing instead on more established cryptocurrencies.
