The American asset manager Vanguard, good for around 10 trillion dollars in managed capacity, seems to be revised his attitude towards Crypto. The company would prepare to make selected crypto-etfs available to customers of its brokerage platform. This is reported by the American news platform Crypto in America.
Cautious change of course
Up to now, Vanguard opted for a conservative course and remained away from digital assets, in contrast to competitors such as Fidelity and Charles Schwab. But according to a source that is familiar with the plans, Vanguard is now investigating how customers can access crypto-ETFs from external providers. It would only be about third -party products, not about own funds such as BlackRock, for example.
“They tackle it very methodically and understand that the dynamics have changed since 2024,” said the source.
It is not yet clear when a final decision is made and which products will become available. Vanguard itself has not made any official statements yet.
The possible step comes at a time when supervisors under the Trump government have become more active in supporting crypto. The American Securities and Exchange Commission (SEC) has recently introduced new rules that relax the approval process of crypto-etf’s.
New CEO played key role
An important factor in the possible change of course is the appointment of Salim Ramji to CEO of Vanguard. He was previously responsible for the launch of the successful Bitcoin ETF of BlackRock, which has attracted more than $ 80 billion in assets since January 2024. This fund, under Ticker Ibit, now counts as the largest Bitcoin ETF in the world.
During the Morningstar Investment Conference in July, Ramji announced that Vanguard has no plans to launch crypto-etf’s himself. He did not yet provide a clear answer to questions about access to funds from third parties.
Source: https://newsbit.nl/vanguard-9-biljoen-overweegt-klanten-toegang-te-geven-tot-crypto-etfs/
