Multi-trillion dollar asset management giant Vanguard is finally allowing its clients to trade crypto ETFs on the platform.
The move, which also allows trading in Ether, XRP and Solana ETFs, is a major change in attitude from the asset manager, which has so far avoided crypto assets.
The US investment giant and the world’s second largest asset manager has more than 50 million clients and assets under management of more than $11 trillion. They have “finally caved,” according to ETF expert Nate Geraci.
Vanguard *finally* caves…
Now allows spot crypto ETF trading on a brokerage platform.
Includes BTC, ETH, XRP and Sol ETFs.
However, Vanguard reiterates that they have *no* plans to launch their own spot crypto ETFs.
via @Emily_TRAGE pic.twitter.com/QFvF8BZTWt
— Nate Geraci (@NateGeraci) December 1, 2025
Continued demand for crypto ETFs
The change has been driven by continued investor demand, with spot Bitcoin ETFs attracting billions since their launch in January 2024. reported Bloomberg.
“Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility and perform as intended while maintaining liquidity,” Andrew Kadjeski, head of brokerage and investments at Vanguard, told me.
He added that the administrative processes to service these types of funds have matured, “and investor preferences continue to evolve.” Kadjeski confirmed that the company has no plans to launch its own crypto products.
“While Vanguard has no plans to launch its own crypto products, we serve millions of investors with varying needs and risk profiles, and are committed to providing a broker trading platform that gives our broker clients the ability to invest in products of their choice.”
The shift happened after Salim Ramji, a former BlackRock executive and blockchain advocate, became CEO of Vanguard over a year ago.
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There was little reaction to the big news in spot markets, which are still reeling from multiple leverage flushouts in recent weeks.
Crypto ETF Outlook
US spot Bitcoin ETFs continued a four-day inflow on Monday despite tanking spot markets. Inflows amounted to just under $370,000, mainly from the Fidelity fund, which saw $67 million in inflows, and from ARK 21Shares with $7.4 million, while BlackRock’s IBIT saw outflows of $74 million.
Spot ETF flows have stabilized recently, indicating the resilience of institutional investors, while retail traders have panicked again.
Related news: Grayscale will launch the first spot Chainlink ETF on Tuesday. The underlying asset LINK crashed 30% last month during the altcoin meltdown.
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