Overview
- On Dec. 2, Vanguard began allowing U.S. brokerage clients to buy third‑party crypto ETFs and mutual funds, reversing its prior prohibition.
- The change includes access to spot Bitcoin products such as the iShares Bitcoin Trust and funds tied to assets like Ethereum and Solana.
- Vanguard oversees roughly $11 trillion for more than 50 million investors, many using retirement accounts where even small allocations can drive meaningful flows.
- ETF flows have been a key driver of Bitcoin since early 2024, yet November recorded about $4.3 billion in net outflows that tempered the earlier momentum.
- Bitcoin trades near $90,000, well below its October peak near $126,000, so the price impact from potential Vanguard client allocations remains uncertain.