- Vanguard considers allowing third-party crypto ETFs access on its platform.
- No official timeline or product list announced.
- Potential impact on Bitcoin and Ethereum ETF inflows.
Vanguard, the $10 trillion asset manager, is considering offering access to third-party crypto ETFs, marking a strategic shift, without a formal announcement yet.
This potential move by Vanguard reflects growing client interest and a favorable regulatory climate, potentially increasing ETF flows into Bitcoin and Ethereum.
Vanguard considers allowing access to select third-party crypto ETFs on its brokerage platform. This marks a shift for the $10 trillion asset manager, historically abstaining from direct crypto exposure.
Salim Ramji, CEO of Vanguard
Salim Ramji, CEO of Vanguard, is key. Appointed in 2024, the BlackRock veteran led the launch of BlackRock’s Bitcoin ETF, which gathered over $80 billion in assets since January 2024. Vanguard avoids launching its own crypto ETFs.
“Vanguard will not copy competitors by launching its own crypto ETFs,” said Salim Ramji, CEO of Vanguard. source
Market Impact
Market impact may include potential inflows in existing crypto ETFs. Vanguard’s decision is shaped by changing client demand and a more accommodating US regulatory environment introduced in 2024.
Impact on BTC and ETH
Impact on BTC and ETH could be significant if implemented. BlackRock’s IBIT’s success illustrates potential demand for Bitcoin and Ethereum, underscoring possible substantial client asset transfers.
Vanguard remains silent on an official start date or definitive product list. No new public statements from major crypto leaders have been noted, with developers also quiet due to the absence of formal announcements.
Exploring third-party crypto ETFs might align Vanguard with competitors like Fidelity and Schwab. Historical trends suggest notable inflows could follow access approval, emphasizing the role of regulatory clarity as a motivator.
