Vanguard has added BlackRock's spot Bitcoin ETF (IBIT) to its tradable list.
Vanguard's clients can now buy BlackRock's Bitcoin ETF on Vanguard's platform.
Previously, Vanguard prohibited clients from purchasing any Bitcoin ETF (they believed that cryptocurrencies were too volatile and did not align with the "long-term value investment" philosophy).
Now they have changed their policy, adding IBIT to the tradable list, meaning:
• Vanguard users can buy IBIT like they buy stocks
• Bitcoin ETF trading is no longer prohibited
• The platform will start supporting trading tomorrow
This is a significant policy reversal.
BTCUSDT
Perp
92,160.6
+2.20%
ETHUSDT
Perp
3,233.01
+1.22%
BNBUSDT
Perp
888.33
+2.27%
