Starting Tuesday, December 2, Vanguard will permit trading of exchange-traded funds and mutual funds linked to Bitcoin and select other cryptocurrencies, as reported by ETF expert Eric Balchunas.

This significant policy change also allows the trading of ETFs associated with Ether, XRP, and Solana, marking a pivotal shift for the firm that previously resisted crypto assets.

Vanguard, the second-largest asset manager globally with more than 50 million clients and over $11 trillion in assets, has “finally caved,” noted Nate Geraci, an ETF expert.

Vanguard finally caves…
Will now allow spot crypto ETF trading on brokerage platform.
Includes BTC, ETH, XRP, & SOL ETFs.
However, Vanguard states that it has no plans to launch its own spot crypto ETFs.
via @emily_graffeo pic.twitter.com/QFvF8BZTWt
— Nate Geraci (@NateGeraci) December 1, 2025

Continuous Demand for Crypto ETFs

This development is a response to sustained investor demand, with spot Bitcoin ETFs drawing in billions since their introduction in January 2024, as reported by Bloomberg.

“Cryptocurrency ETFs and mutual funds have been tested through periods of market volatility, performing as designed while maintaining liquidity,” said Andrew Kadjeski, Vanguard’s head of brokerage and investments.

Kadjeski further remarked that the operational frameworks for these funds have advanced, and investor inclinations are changing. He confirmed that the firm will not introduce its own crypto offerings.

“While Vanguard has no plans to launch its own crypto products, we serve millions of investors with diverse needs and risk profiles, and we aim to provide a brokerage trading platform that enables our clients to invest in the products they select.”

The transition came after Salim Ramji, a former executive at BlackRock and a blockchain proponent, took over as CEO of Vanguard more than a year ago.

Market Interaction

There has been minimal reaction in spot markets to this significant announcement, which are still recovering from recent leverage sell-offs.

As of Monday, US spot Bitcoin ETFs had a four-day inflow streak despite the downturn, with a minor inflow of $370,000.
Notably, the Fidelity fund recorded $67 million in inflows, whereas ARK 21Shares attracted $7.4 million, while BlackRock’s IBIT faced an outflow of $74 million.

Spot ETF investments have recently stabilized, suggesting resilience from institutional investors, amid renewed panic among retail traders. Additionally, Grayscale is anticipated to launch the first spot Chainlink ETF soon.