Vanguard Reverses Stance, Will Now Allow Crypto ETFs on Its Platform
December 2, 2025 — Vanguard Group, the world’s second-largest asset manager, has announced a significant shift in its investment platform policy by deciding to permit exchange-traded funds (ETFs) and mutual funds that primarily hold cryptocurrencies to be traded on its platform. This marks a reversal of the company’s longstanding position on digital assets.
Starting Tuesday, investors using Vanguard’s platform will be able to trade ETFs and mutual funds focused on selected cryptocurrencies, including Bitcoin, Ether, XRP, and Solana. This decision follows years of Vanguard viewing digital assets as too volatile and speculative for inclusion in serious investment portfolios.
The move represents a compromise by Vanguard amidst a turbulent cryptocurrency market, which has experienced a decline exceeding $1 trillion in total market value since early October 2025. Despite these challenges, the firm’s new policy signals a growing acceptance of cryptocurrencies within mainstream financial services.
Industry observers note that this change could influence other major asset managers to reconsider their policies around crypto-focused investment products. Vanguard’s integration of crypto ETFs and mutual funds provides its substantial client base with increased access to digital asset investment opportunities, potentially broadening adoption further.
This development underscores the evolving landscape of cryptocurrency investment, where institutional participation continues to grow despite notable market volatility.
Reported by Emily Graffeo for Bloomberg