Vanguard Allows Spot Crypto ETFs for 50 Million Clients

Investment giant Vanguard has made a major shift in its stance on crypto, allowing exchange-traded funds (ETFs) and mutual funds tracking Bitcoin and other cryptocurrencies to begin trading on its platform. This move comes after years of resistance from the asset manager, which now boasts over 50 million clients with more than $11 trillion under management. The change is driven by persistent investor demand for crypto ETFs, particularly those tracking Bitcoin.