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Vanguard Opens Cryptocurrency ETF and Fund Trading to 50M+ Accounts
Source: CryptoNewsNet Original Title: BREAKING: Former Bitcoin Hater Vanguard Gives Green Light to Bitcoin and Altcoin Spot ETFs Original Link: Vanguard is offering its clients access to cryptocurrency ETFs and funds starting tomorrow (US time).
Vanguard has made a significant policy change, reversing its years-long hesitation towards the cryptocurrency market.
The company announced that it will allow trading of select cryptocurrency-based ETFs and mutual funds on its platform starting tomorrow. The move comes after strong demand from both individual and institutional investors, giving more than 50 million Vanguard brokerage accounts access to regulated crypto investment instruments.
The company stated that it will support most crypto ETFs and investment funds that meet regulatory standards, but emphasized that it has no plans to create its own digital asset inventory. However, funds tied to memecoins will not be available on the platform.