Vanguard to Allow Cryptocurrency ETF Trading, Providing Access to Over 50 Million Customers

Bloomberg reported on December 2 that Vanguard Group, the world's second-largest asset management company, announced its policy to allow trading on its platform of ETFs and mutual funds primarily holding cryptocurrencies, marking a shift from its long-held position. Starting December 3, ETFs and mutual funds primarily holding cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) will be tradable. This move represents a significant shift from the company's previous policy, which regarded cryptocurrencies as too volatile and speculative, especially following the cryptocurrency market's capitalization drop below one trillion dollars since early October.