World’s Second Largest Asset Manager Vanguard Opens Its Platform to Bitcoin and Crypto ETFs: Bloomberg

Bitcoin magazine ^ | Micah Zimmerman

[NoLibZone]

Vanguard is going to allow bitcoin and crypto-linked exchange-traded funds and mutual funds to trade on its platform.

Vanguard Group will allow bitcoin and crypto-linked exchange-traded funds and mutual funds to trade on its platform, reversing a policy that for years barred retail clients from accessing digital-asset products through the firm.

Starting Tuesday, Vanguard brokerage customers will be able to trade ETFs and mutual funds that primarily hold select cryptocurrencies, including Bitcoin and other crypto, according to Bloomberg reporting.

The move marks a shift for the world’s second-largest asset manager, which has long argued that digital assets were too volatile and speculative for long-term portfolios.

The decision follows growing demand from both retail and institutional investors and comes after the approval of spot Bitcoin ETFs in January 2024 ushered billions of dollars into regulated crypto products.

BlackRock’s iShares Bitcoin Trust, the largest of those funds, peaked near $100 billion in assets earlier this fall and still manages about $70 billion despite recent price declines.

A Bitcoin ETF lets investors gain exposure to Bitcoin without actually buying or storing the cryptocurrency themselves.

Instead, the fund holds Bitcoin (or Bitcoin-related contracts) while investors simply buy shares on a stock exchange, with the share price moving alongside Bitcoin’s market value. It’s a convenient and easy way to get invested in Bitcoin.

[NoLibZone]

Just last year, Vanguard swore they would never allow their people to invest in crypto.

Tulips!

And never trust ATMs!

[Jonty30]

I’m guessing they and Blackrock crashed the Crypto in order to buy it up.

[blackdog]

Ruh-Roh, Raggie.

[NoLibZone]

It didn’t crash.

Bitcoin operates in a four year cycle.

It went down exactly on the date predicted that it would.

Now we enter bear market, which would be a wonderful time to accumulate

[catnipman]

tulips indeed: does Vanguard have a tulip ETF too?

[Jonty30]

If you know that an investment has a cycle to it, and you have the ability to influence the price, you use that to your advantage to push it down farther when it’s on its way down so it is even less expensive for you to buy it back and make more money.

[SecondAmendment]

> tulips indeed: does Vanguard have a tulip ETF too?

Trading futures on literally nothing, it must be nice being a banker.

[Vision]

Bogle is rolling over in his grave.

[doggieboy]

A decline of 30% from its October high pretty significant. There are forces who have helped engineer this decline. You may be right about the decline being an opportunity. I wouldn’t bet much either way until we know the MSCI decision on Jan 15.

[minnesota_bound]

Bitcoin will crash the economies around the world one day.

[aMorePerfectUnion]

If YOU would like to be on a CRYPTO PING LIST, please pm me.

The Crypto Ping List covers the following:

Bitcoin
Ethereum
Other coins built on the Ethereum blockchain mining
etc.

Thanks! For it - or ag'in it, it'll be a wild ride.

[Soul of the South]

“Bogle is rolling over in his grave.’

Yes. The new CEO was hired from outside the company for the first time in Vanguard’s history. The new CEO is from Blackrock. Vanguard’s financial advisors are encouraging clients to invest in the company’s new private equity product. They also push international funds which Bogle had little use for.

Bogle’s Vanguard was unique in focusing on low cost mutual funds, a conservative investment philosophy, and customer ownership of the company. . The Vanguard of today has buried Bogle’s concept and has decided to play with the big boy Wall Street gang - Blackrock, Fidelity and State Street. So much for the interests of the small investor.

[KC_Conspirator]

Good news.

[KC_Conspirator]

I am gonna argue that these ETFs, holding companies, and new products are going to make the 4 year cycle obsolete.

[KC_Conspirator]

BTC will crash when people realize it has limited usage, and its backed by Tether which cant pass an audit, and Micheal Saylor appears to be running a house of cards with Strategy. Other cryptos with utility will surpass it;

[Jeff Chandler]

XRP?

[KC_Conspirator]

XRP is on the Vanguard list for trading.

[KC_Conspirator]

But Vanguard has yet to file for a specific XRP ETF.

[EnderWiggin1970]

Bitcoin will crash the economies around the world one day.

Fiat is crashing the economies of the world. Bitcoin will save it.

There is no reasonable argument for saying bitcoin will crash anything. Whereas fiat currencies like the dollar are constantly being inflated, are not scarce, and have a long history of hyperinflating (while bitcoin is deflationary). Every fiat currency dies an ugly death sooner or later, because politicians have every incentive to engage in deficit spending and monetize the debt until the money used is worthless.

Bitcoin breaks that cycle. We just need to use it and reject fiat.