Following claims that Vanguard has changed its long-held anti-cryptocurrency stance and may open the door to crypto ETFs, the company has made an official statement.
Vanguard hinted in its statement to ETF Upside that it isn't completely closed to crypto products, but didn't definitively confirm or deny them. A spokesperson for the company said, “As of today, cryptocurrency mutual funds and ETFs are generally not available for trading on the Vanguard brokerage platform. However, we are constantly evaluating our brokerage offerings, investor preferences, and the evolving regulatory environment.”
The statement also stated, “Clients will be notified directly from Vanguard when a decision is made.”
Vanguard is generally known for its strong focus on traditional investments. However, most other investment firms, including BlackRock, are open to cryptocurrency ETFs, and several companies already manage cryptocurrency spot ETFs. These products saw substantial inflows after the ETFs were approved in January.
*This is not investment advice.
