On Dec. 2, Vanguard will reportedly open its massive brokerage platform to spot Bitcoin, Ethereum, XRP, and Solana exchange-traded funds (ETFs).
This strategic volte-face ends the asset manager’s steadfast isolation from the $3 trillion digital asset market.
For years, Vanguard stood as the most prominent holdout of the crypto space, driven by a philosophy that viewed the high volatility of digital assets as fundamentally incompatible with the principles of long-term, diversified portfolio construction.
This reversal, therefore, represents one of the most significant capitulations in the traditional finance sector’s gradual embrace of the crypto economy.
Crucially, Vanguard said it is not deviating from its core manufacturing philosophy. So, it would not be launching its own proprietary crypto funds.
Instead, it will serve as a critical gateway, allowing its conservative client base…
