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Vanguard has reversed its long-standing opposition to cryptocurrency exposure and will begin allowing its brokerage customers to trade spot Bitcoin, Ethereum, XRP, and 
Solana ETFs starting today.
What's the scoop?
- Policy Reversal: Vanguard will permit trading of funds holding Bitcoin, Ethereum, XRP, and Solana, treating them the same as other non-core assets like gold.
- Customer Reach: The change opens regulated crypto ETF access to over 50M Vanguard brokerage accounts across the U.S.
- Leadership Factor: New CEO Salim Ramji, former BlackRock iShares executive who oversaw the IBIT filing, took over in July 2024 and has publicly supported
Bitcoin and blockchain.
Bankless Take:
Vanguard’s pivot ends one of the last major holdouts among traditional asset managers and hands tens of millions of retirement-focused investors easy, regulated access to crypto. A second order effect of this is the quiet validation of $SOL ETFs in the same breath as Bitcoin and Ethereum, with the new set of ETFs seeing steady, sizable inflows all throughout the month of November.
