Vanguard Shifts Stance on Bitcoin, Allows Trading of Select Crypto ETFs

Vanguard, a leading asset manager, has made a notable change in its stance on Bitcoin. In 2024, the firm blocked purchases of cryptocurrency products, citing concerns over their speculative nature and lack of fit within long-term investing portfolios.

However, by late 2025, Vanguard had reversed course, announcing that it would allow trading of select third-party crypto ETFs and mutual funds through its brokerage accounts. The decision was made after considering factors such as the performance of crypto ETFs during periods of market volatility, improved administrative processes around these products, and evolving investor preferences.

The shift is significant not only because of Vanguard's size and influence but also because it marks a departure from the firm's previous stance on Bitcoin. By allowing access to third-party crypto funds, Vanguard is providing its clients with more investment options while maintaining a safe distance from the asset class itself.