Vanguard Finally Lets Crypto Sit at the Adult Table – ETFs Only, Please

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Well, well, well… Vanguard Group has finally allowed something “unconventional” onto its platform. Starting Tuesday, ETFs and mutual funds that hold Bitcoin, Ethereum, XRP, and Solana will be allowed to trade. Yes, you read that right, folks-Vanguard is loosening up its anti-crypto necktie. Let the digital coins have their seat at the table! But don’t get too excited, it’s only via ETFs, and no, you still can’t directly buy crypto here. 🪙

  • Vanguard will now allow ETFs and mutual funds with Bitcoin, Ethereum, XRP, and Solana-because apparently, the future’s a lot more digital than they thought.
  • They claim these crypto-backed ETFs have handled market rollercoasters just fine. (Like a seasoned rollercoaster operator, perhaps?) But they’re still not offering direct crypto trading. Baby steps, people. 🚶‍♂️
  • This new policy is a “compromise.” Ah, yes, the age-old financial strategy of “let’s dip our toes in, but not too far.”

Vanguard’s ‘Compromise’

The decision represents a “shift” in Vanguard’s approach, which, until now, had maintained a rather staunch position against cryptocurrency. So staunch, in fact, it could have been mistaken for a brick wall. 🧱

Remember last August? Vanguard CEO Salim Ramji-who, let’s face it, probably has a mug that reads “I Don’t Do Trends”-said they would never follow the herd. He told ETF.com that Vanguard was sticking to “core principles,” which, at the time, meant no crypto ETFs.

Ramji’s mantra was simple: Vanguard wasn’t in the business of copying others. “We don’t do FOMO,” he seemed to say. “We stick with stocks, bonds, and cash.” So how did we get here? Is Vanguard just a little jealous of the BlackRocks of the world? Maybe. 💁‍♂️

Why the Change of Tune?

Well, Eric Balchunas-our favorite ETF expert-reported that Vanguard finally admitted crypto-backed ETFs have held their own during times of market chaos. According to them, the crypto ETFs have been like that calm friend who doesn’t freak out when the stock market starts screaming. So, here we are. Vanguard is reluctantly opening the door to regulated crypto products on its platform. They’re still not letting you just waltz in and start trading Bitcoin directly, though. No wild crypto free-for-all here, thank you very much. 🛑

Apparently, this is a compromise-a word that has been used so many times that it’s practically running for office. And while it follows in the footsteps of other financial giants offering crypto exposure, it’s clear that Vanguard isn’t entirely convinced yet. The company is just testing the waters with the safest of safe options. Like ordering the plain pasta at an Italian restaurant to avoid anything too spicy. 🍝

Vanguard handles trillions of dollars, so this move is significant, but not exactly revolutionary. They’re not going full crypto-bull mode… just a little, uh, crypto-curious. The firm serves millions of investors, but for now, you’ll have to hold your horses if you were hoping for a direct route to the land of Bitcoin riches. 🏇

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2025-12-02 03:03