Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but consistent demand for crypto has seemingly changed his firm’s tune.
Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs.
Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar to how the firm treats gold, a Vanguard spokesperson confirmed to Cointelegraph in a statement.
Bloomberg reported that only ETFs that meet regulatory standards will be included, such as Bitcoin (BTC), Ether (ETH), XRP (XRP) and Solana (SOL)-related ETFs.
