A brief overview of Vanguard's changing attitude towards crypto

Vanguard!

($11 trillion AUM) has long been skeptical of crypto: since 2019, the company has blocked access to crypto ETFs, calling them "speculative" and unsuitable for long-term portfolios (like gold, but without value).

Even after the SEC approved spot BTC ETFs in January 2024, Vanguard refused to offer them, losing customers (up to 35% of young investors left for competitors such as BlackRock).

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