Vanguard is preparing to loosen restrictions on crypto exchange-traded funds (ETFs).
According to the report, Vanguard has begun exploratory talks with external partners about granting brokerage customers access to select third-party crypto ETFs.
However, the asset management firm is not expected to develop in-house products like its rivals.
Vanguard’s new approach to crypto can be linked to several factors, including the improved regulatory environment and the success of crypto ETFs.
Over the past year, the Trump administration has reshaped the US regulatory landscape, steering it toward a more pro-crypto direction.
Their collaborative approach has transformed what was once an unregulated frontier into a more structured market, drawing substantial institutional interest and accelerating growth across the crypto sector.
Apart from that, the significant success of the Bitcoin and Ethereum ETFs has undoubtedly influenced the asset management firm’s decision.
That success has made rivals’ crypto strategies difficult to ignore.
Industry watchers such as Nate Geraci of The ETF Store have long expected this outcome. He argued that Vanguard’s resistance could not last indefinitely once competitors proved the viability of crypto ETFs.
