Vanguard CEO Salim Ramji ruled out crypto ETFs on its platform in August, but consistent demand for crypto has seemingly changed his firm’s tune. Vanguard, the second-largest asset manager in the world, is set to allow its clients to start trading crypto exchange-traded funds and mutual funds on its platform starting Tuesday, reversing its previous stance on digital asset ETFs. Spurred by persistent retail and institutional demand, Vanguard will permit third-party access to crypto ETFs and mutual funds similar to how the firm treats gold, a Vanguard spokesperson confirmed to Cointelegraph in a statement. Bloomberg reported that only ETFs that meet regulatory standards will be included, such as Bitcoin (BTC), Ether (ETH), XRP (XRP) and Solana (SOL)-related ETFs. Read more
Despite its anti-crypto stance, Vanguard is now the biggest institutional backer of the world’s most aggressive Bitcoin holder. Vanguard, one of the world’s largest investment management firms, is now the biggest institutional shareholder of Strategy (MSTR) — Michael Saylor's company best known for adopting Bitcoin as its primary treasury reserve asset. According to data from investment research platform Intel, Vanguard has accumulated more than 20 million shares of MSTR, representing about 8% of MicroStrategy’s outstanding Class A common stock. The stake gives Vanguard indirect exposure to over 200,000 Bitcoin (BTC) held on Strategy’s balance sheet, representing a 26.3% jump between January and April 2025. Many of Vanguard’s funds include exposure to the Vanguard Total Stock Market Index Fund, which holds MicroStrategy as part of its broad US equity allocation. The stock also appears in dozens of Vanguard mutual funds and exchange-traded funds (ETFs) tracking mid-cap benchmarks. Read more