Vanguard Reverses Stance, Allows Bitcoin ETF Trading in Major Policy Shift

In a significant reversal of its long-standing policy, investment giant Vanguard has opened its brokerage platform to trading for spot Bitcoin exchange-traded funds (ETFs), according to a Bloomberg report. This move marks a major shift for the firm, which had previously restricted client access to cryptocurrency-related products. The decision allows Vanguard's extensive client base to buy and sell approved Bitcoin ETFs, such as those from BlackRock (IBIT) and Fidelity (FBTC), directly through their brokerage accounts. This development is seen as a pivotal moment for institutional crypto adoption, providing mainstream investors with a familiar and trusted avenue for Bitcoin exposure. The change in policy follows the landmark SEC approval of spot Bitcoin ETFs earlier this year and reflects growing demand from Vanguard's own clients for access to these digital asset investment vehicles.