Vanguard Group Inc. is considering allowing trading of cryptocurrency-focused ETFs on its platform, potentially opening the door for its 50 million investors with $11 trillion in assets to access digital assets. The asset manager has previously spoken against cryptocurrencies, but new CEO Salim Ramji has shown interest in blockchain and Bitcoin.

Spot Bitcoin ETFs launched in January 2024, attracting record fund inflows. Bitcoin ETFs collectively manage over $142 billion, with BlackRock’s IBIT holding around $84 billion. The growing investor appetite for digital assets has made the asset class hard to ignore, with institutions like hedge funds and banks investing heavily in crypto ETFs.

As interest in digital assets continues to rise, Vanguard may allow trading of crypto ETFs, marking a significant shift in its stance on cryptocurrencies. With the success of spot Bitcoin ETFs and increasing institutional demand for digital assets, the asset manager is reevaluating its approach to the volatile asset class.

Read more at Yahoo Finance: Vanguard Weighs Allowing Trading of Crypto ETFs