💥💥💥VANGUARD OFFICIALLY OPENS THE DOOR FOR CRYPTO ETF
For Vanguard Customers: This decision opens crypto access to over 50 million accounts managing more than 11 trillion USD. Users can trade funds holding $BTC, $ETH, $XRP, and SOL starting this week.
For the Crypto Market: Vanguard's move, though reluctant, is an indirect legitimization of Bitcoin ETFs. The fact that a trillion-dollar giant is opening up to allow trading of these funds increases their liquidity and credibility, while also creating a new, broader distribution channel for digital assets.
Competitive Pressure: This decision comes after major competitors like BlackRock and Fidelity have successfully launched their own Bitcoin ETF funds, putting significant pressure on Vanguard to meet investor demand.
The funds related to memecoin are still excluded due to excessively high risks. Vanguard's goal is to allow investors to choose suitable products within a safe range.
👍Vanguard's move, though reluctant, is an indirect legitimization of Bitcoin ETFs. The fact that a trillion-dollar giant is opening up to allow trading of these funds increases their liquidity and credibility, while also creating a new, broader distribution channel for digital assets.
