Vanguard, world's 2nd-largest asset manager, to offer crypto ETFs

The world’s second-biggest asset manager, Vanguard, is pivoting from its anti-crypto stance to offer ETFs to its clients. This is a major development in the ongoing convergence of crypto and traditional finance. For years, Vanguard stood firmly against digital assets: - Former CEO Tim Buckley said Bitcoin was “too volatile” and “not a store of value.” - The firm argued crypto had “no role in long-term portfolios.” - When spot Bitcoin ETFs launched in early 2024, Vanguard even blocked client access. Fast forward to today: Vanguard, with over $9 trillion AUM and a reputation as the world’s second-largest asset manager, is now opening the door to crypto exposure via ETFs. This shift isn’t just about one institution. It’s proof of a broader trend: every major player in TradFi eventually moves onchain. Source: @Eleanor Terrett

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