Following claims that Vanguard has modified its long-held anti-cryptocurrency stance and should open the door to crypto ETFs, the corporate has made an official assertion.
Vanguard hinted in its assertion to ETF Upside that it is not fully closed to crypto merchandise, however did not definitively affirm or deny them. A spokesperson for the corporate stated, “As of at the moment, cryptocurrency mutual funds and ETFs are typically not accessible for buying and selling on the Vanguard brokerage platform. Nevertheless, we’re continuously evaluating our brokerage choices, investor preferences, and the evolving regulatory atmosphere.”
The assertion additionally acknowledged, “Shoppers shall be notified immediately from Vanguard when a choice is made.”
Vanguard is mostly recognized for its robust deal with conventional investments. Nevertheless, most different funding corporations, together with BlackRock, are open to cryptocurrency ETFs, and several other firms already handle cryptocurrency spot ETFs. These merchandise noticed substantial inflows after the ETFs have been authorized in January.
*This isn’t funding recommendation.
