Vanguard might flip on crypto — trading ETFs under consideration

Bloomberg reported that Vanguard, one of the world’s largest asset managers with about $10 trillion under management, is weighing whether to let brokerage clients trade crypto ETFs. The move would mark a sharp break from its long refusal to support such products and a clear signal that even the most conservative firms are reassessing digital assets. Past Resistance Vanguard has resisted crypto for years, citing volatility and poor fit with long-term portfolios. It previously blocked access to spot Bitcoin ETFs, framing them as speculative and unsuitable for its investors. Reports suggest the firm would not create its own products but could open trading for third-party ETFs, though no timeline has been confirmed. Market Impact A reversal by Vanguard would give crypto ETFs greater legitimacy in traditional finance. Its size and reputation would amplify the message of mainstream acceptance, yet risks remain with volatility, unclear regulation, and the challenge of protecting investors.