Vanguard announced that starting tomorrow, it will allow customers to trade cryptocurrency ETFs and mutual funds on its brokerage platform. This decision marks a significant shift in Vanguard's attitude towards cryptocurrency. Previously, Vanguard maintained a conservative stance and avoided involvement with crypto assets. However, with the rapid development of the cryptocurrency market, Vanguard has finally chosen to adapt to market demands and provide customers with the opportunity to trade cryptocurrencies.
Vanguard's brokerage and investment head Andrew Kadjeski stated that over the past few years, cryptocurrency ETFs and funds have demonstrated resilience during market volatility, meeting investors' needs. Thus, the company has decided to offer these investment products on its platform. Nevertheless, Vanguard emphasizes that it will not support speculative products, especially those cryptocurrency funds that have not been approved by the U.S. Securities and Exchange Commission (SEC).
For Vanguard's customers, this means they will be able to invest in regulated cryptocurrency funds through the platform, such as Bitcoin and Ethereum ETFs. This policy shift indicates that cryptocurrency is becoming a legitimate investment tool and is gradually being accepted by mainstream institutions. Vanguard's actions may provide a reference for other conservative institutions, promoting further development across the industry #加密市场观察 #BinanceBlockchainWeek $BNB
