Vanguard Opens Crypto ETF Access For 50M+ Clients — Here’s Why It Matters

Key takeaways

• 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.

• The move brings significant institutional legitimacy to crypto and shows that even traditionally conservative asset managers cannot overlook sustained…