Vanguard has launched spot ETFs for Bitcoin, Ethereum, XRP, and Solana, marking a significant shift in its approach to digital assets. This development has spurred market gains, with Bitcoin climbing 8% to $91,000 and Ethereum reaching $3,000. The move reflects growing institutional interest, as Bank of America plans to allow wealth managers to recommend crypto allocations of 1%-4% starting in 2026. The launch of these ETFs by Vanguard, which manages $11 trillion in assets, is seen as a pivotal moment for the crypto market. Additionally, the SEC's 2026 innovation exemption is anticipated to further support DeFi and tokenized asset experiments, potentially driving more institutional participation in the crypto space.