Managing over $11 trillion in assets and serving 50 million clients, why is the world’s second-largest asset management giant entering Bitcoin now? How much incremental capital can it bring? What are the risks? Two years ago, Vanguard stated that "Bitcoin does not align with the interests of our clients." But on the 2nd, it suddenly reversed its position and reopened the doors to crypto. $BTC surged 6%, rising from $85,000 to $93,000.

BTC-0.42%
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