$12 Trillion Asset Manager Vanguard Is Finally Embracing Digital Assets. Here's What That Could Mean for Crypto Investors
From fool.com
Most major asset managers have adopted cryptocurrency in some form by now, with several offering their own crypto ETFs. Vanguard, which has about $12 trillion in assets under management (AUM), had been the last holdout. Based on a recent Vanguard job posting, its days as the lone asset manager staying away from cryptocurrency are over. When the SEC first approved spot Bitcoin ETFs in January 2024, Vanguard took the strongest stance against them. The asset manager said that it had no plans to launch a Bitcoin ETF or other crypto-related products. It didn't even allow trading of Bitcoin ETFs on its platform. Investors ...
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