Vanguard’s 50M+ clients will soon have access to crypto ETFs

Vanguard has reversed its prior anti-crypto stance and will allow customers on its brokerage platform to trade cryptocurrency ETFs and mutual funds that meet regulatory standards. The firm (about $11 trillion AUM) will support most regulated crypto funds while excluding memecoin-linked or SEC-unsupported products and does not plan to launch its own crypto offerings. The move grants roughly 50 million clients access to large spot bitcoin and ether ETF markets (about $120B and $20B in assets, respectively).
AI Analysis
Vanguard is opening its brokerage (≈50 million clients, $11T AUM) to regulated crypto ETFs/mutual funds and will list most funds meeting regulatory standards while excluding memecoin- or SEC-unsupported funds; this materially expands potential investor access to existing large spot BTC (~$120B) and ETH (~$20B) ETF pools.