Vanguard, a renowned investment firm known for its cautious investment policies, has ended years of resistance by allowing trading of cryptocurrency-based ETFs and mutual funds on its brokerage platform. Under this decision, users can now invest in ETFs linked to major crypto assets such as Bitcoin, Ethereum, and XRP, marking a significant development in the crypto market. Vanguard’s historically careful approach to cryptocurrencies has drawn considerable attention due to the market’s price volatility and regulatory uncertainties. However, growing popularity of cryptocurrencies and improvements in the legal framework have compelled Vanguard to facilitate investment in this sector. ETFs provide investors with an accessible way to invest in cryptocurrencies without directly purchasing or storing them, enhancing ease and transparency while enabling traditional investors to access the crypto market. This move is expected to boost investment in the cryptocurrency sector and contribute to market stability, although investors should remain cautious due to the inherent volatility and potential regulatory changes. Vanguard’s decision represents a major milestone in the global cryptocurrency market and may encourage other leading financial institutions to enter the space.
Source: decrypt
