Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs.
Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar to how the firm treats gold, a Vanguard spokesperson confirmed to Cointelegraph in a statement.
Bloomberg reported that only ETFs that meet regulatory standards will be included, such as Bitcoin (BTC), Ether (ETH), XRP (XRP) and Solana (SOL)-related ETFs.
The investment manager told Cointelegraph it has ruled out memecoins as well as creating its own crypto ETFs and mutual funds.
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Source cointelegraph.com
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