Vanguard will open trading for funds related to Bitcoin, Solana, XRP and other encryption assets.

Odaily News Vanguard will allow customers to trade major Crypto Assets ETFs and mutual funds on its platform starting this week, involving assets such as Bitcoin, Ethereum, Solana, and XRP. This move contrasts sharply with its previous long-standing refusal to engage in Crypto-related products. Reports indicate that the company is adjusting its strategy under pressure from retail and institutional clients, with the relevant Crypto Assets funds opening for trading to its users starting Tuesday. Vanguard had previously stated it would not offer any Crypto-related ETFs, including the Bitcoin Spot ETF launched by BlackRock and Fidelity. Bloomberg reports that Vanguard has been reassessing its policies since September of last year. The company's brokerage and investment head Andrew Kadjeski stated that Crypto ETFs have performed as expected during market fluctuations, and the fund management process is gradually maturing, alongside changing investor preferences. It is known that Vanguard currently serves over 50 million brokerage accounts with a management scale exceeding $11 trillion. As the U.S. has successively approved Bitcoin and Ethereum Spot ETFs, more funds tracking assets such as XRP, Solana, Dogecoin, and Litecoin are also being launched. Bloomberg analyst Eric Balchunas predicts that over 100 new Crypto ETFs may be listed in the next six months. (The Block)