Vanguard has announced that it will offer access to third-party cryptocurrency ETFs and mutual funds via its brokerage platform. The $11 trillion asset manager released a guide titled 'Cryptocurrencies and Vanguard: What Investors Need to Know,' emphasizing the importance of understanding the structure, risks, and role of cryptocurrencies in investment portfolios.
While Vanguard does not offer its own crypto products, it provides access to regulated third-party funds, responding to market maturity and investor demand. The guide advises investors to consider the characteristics of cryptocurrencies, which resemble commodities, asset classes, and currencies, and to evaluate their risk tolerance and portfolio alignment before investing.
Vanguard Expands Access to Crypto ETFs, Issues Investor Guidance
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