Overview
- Vanguard will allow retail brokerage clients to trade Bitcoin and other crypto-linked ETFs and mutual funds beginning Tuesday.
- The move reverses the firm’s prior prohibition on direct access to digital-asset investment products for retail investors.
- The company will list only funds that meet regulatory standards, will bar meme-coin products, and has no plans to launch its own crypto funds.
- Andrew Kadjeski, head of brokerage and investments, said crypto ETFs and mutual funds have performed as designed through volatility while maintaining liquidity.
- The change opens access for more than 50 million Vanguard clients to regulated offerings, including established products such as BlackRock’s Bitcoin ETF.