Vanguard is preparing to loosen the restrictions on the negotiated funds in exchange for crypto (ETF).
This decision, first reported September 26 by Crypto in Americawould represent a lively departure for a company that has always moved away from digital assets.
The asset manager of 10 billions of dollars has historically adopted a cautious approach, prohibiting customers from buying FNB Bitcoin on his brokerage platform while competitors such as Fidelity have adopted them.
This strategy reflected Vanguard’s preference for stability and long -term yields on exposure to what it once considered speculative products.
According to the report, Vanguard began exploratory talks with external partners of the granting of brokerage clients to access to certain third -party crypto ETFs.
However, the asset management company should not develop internal products such as its competitors.
Why Vanguard changes the position on the crypto
Vanguard’s new approach to crypto can be linked to several factors, including the improved regulatory environment and the success of ETF Crypto.
In the past year, the Trump administration has reshaped the US regulatory landscape, the manager to a more pro-Crypto management.
This change is reflected in the growing coordination between the main financial surveillance dogs, in particular the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), because they work to establish clearer rules for digital assets.
Their collaborative approach has transformed what was once an unregulated border into a more structured market, aroused substantial institutional interest and accelerating growth in the cryptography sector.
Apart from this, the significant success of Bitcoin and Ethereum ETF undoubtedly influenced the decision of the asset management company.
The Bitcoin and Ethereum funds have attracted more than $ 70 billion in entries since the launch last year, which brought its total to more than $ 150 billion data Since Soso value.
This success made the cryptographic strategies of rivals difficult to ignore.
Industry observers such as Nate Geraci from the ETF store have long been expecting this result. He argued that Vanguard’s resistance could not last indefinitely once the competitors have proven the viability of the Crypto ETF.
