Vanguard, the second-largest asset manager globally, will allow clients to trade crypto ETFs and mutual funds starting Tuesday. Third-party access to Bitcoin, Ethereum, XRP, and Solana-related ETFs will be permitted, excluding memecoins. Formerly against crypto offerings, Vanguard’s change of heart may attract new investors and potentially boost crypto prices. Source: Eric Balchunas

Vanguard’s decision to offer crypto ETFs contrasts with its previous stance due to volatility concerns. Former CEO Tim Buckley opposed Bitcoin ETFs, but with his retirement, new CEO Salim Ramji has opened the door to digital assets. This change could signal a shift in traditional finance embracing cryptocurrencies. Source: Vanguard

Industry experts anticipate Vanguard’s move to ignite a surge in crypto prices. Analysts predict a 5% Bitcoin spike within 24 hours, signaling the entrance of traditional finance into digital assets. The founder of Bitgrow Lab foresees trillions flowing into the crypto market. The change could bring a wave of new investors. Source: Various Twitter Posts

Read more at Cointelegraph: Vanguard Moves Toward Crypto Access for Millions of Investors