Vanguard, der zweitgrößte Vermögensverwalter der Welt mit einem Vermögen von 11 Billionen US-Dollar, kehrt seinen langjährigen Widerstand gegen Kryptowährungen um, indem er ab Dienstag den Handel mit Bitcoin-, Ethereum-, XRP- und Solana-ETFs und Investmentfonds auf seiner Brokerage-Plattform erlaubt
https://decrypt.co/350558/vanguard-allow-trading-bitcoin-ethereum-xrp-etf
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**Summary:**
Vanguard, the world’s second-largest asset manager, has reversed its long-standing opposition to cryptocurrency by allowing the trading of third-party Bitcoin, Ethereum, XRP, and Solana ETFs and mutual funds on its brokerage platform.
* Starting on Tuesday, Vanguard’s over 50 million brokerage customers will have access to these crypto-focused funds, which will be treated similarly to other non-core assets like gold.
* This major industry milestone follows months of internal review and sustained client demand, despite Vanguard previously opting out of the early 2024 spot Bitcoin ETF boom (which grew from $25 billion to about $125 billion).
* The change coincides with the arrival of new CEO Salim Ramji in July 2024. Ramji, a known Bitcoin and blockchain supporter, previously oversaw the successful Bitcoin ETF filing for Vanguard’s rival, BlackRock.
This decision positions Vanguard, which was one of the last major holdouts, to embrace the growing mainstream acceptance of regulated crypto investment products.
tldr; Vanguard is set to allow trading of crypto-focused ETFs and mutual funds, including Bitcoin, Ethereum, XRP, and Solana, on its brokerage platform. This marks a significant shift from its previous stance of excluding digital-asset products. The move provides over 50 million customers access to regulated crypto investment options, aligning with growing client interest in digital assets. This decision follows the appointment of Salim Ramji, a proponent of Bitcoin and blockchain, as Vanguard’s CEO in 2024.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Positive news for Crypto? I cant wait for the market to dump even more tomorrow
Down another 10% I hope!!!
*If you can’t beat em, join em*
Could it be that this whole crypto dumping sharade was to create an entry point for the launch of these ETF?