【Vanguard Group Finally 'Surrendered'】

With asset management规模约 11 万亿美元的Vanguard Group has officially listed BlackRock's Bitcoin spot ETF (IBIT) on its website and will open trading to customers starting tomorrow.

Vanguard Group has been one of the most staunch 'anti-crypto' factions: despite the Bitcoin spot ETF being listed for so long, it has not allowed customers to buy on its platform. As one of the top two asset management giants globally (alongside BlackRock), this time it is opening up not only Bitcoin but also several crypto-related ETFs/funds including BTC, ETH, XRP, SOL, effectively relaxing restrictions on crypto assets. The Vanguard platform covers over 50 million brokerage accounts and over 11 trillion dollars in assets— even if only a small percentage allocates Bitcoin through the ETF, the long-term incremental growth cannot be underestimated.

This marks a significant reversal in the position of one of the last few 'refusers' among traditional financial giants, providing strong psychological benefits; it suggests that while short-term prices may continue to be influenced by macro factors and sentiment, narratively, the acceptance of Bitcoin by mainstream finance has taken a significant step forward.

Conclusion: The Bitcoin market now has another giant comparable to BlackRock entering it!