Why did the world’s second-largest asset management company, which manages over $11 trillion and serves 50 million clients, suddenly change its stance on Bitcoin at this particular moment? How much real capital could this move potentially unlock and flow into the market?



Two years ago, Vanguard firmly stated that “cryptocurrencies are not suitable for our clients.”

But on the 2nd of this month, everything changed—the old-school institution known for its conservative and steady approach reopened its doors to crypto assets.

Bitcoin instantly soared from $85,000 to $93,000, a 6% single-day increase. On a leading exchange, Bitcoin ETF trading volume exceeded $1 billion within the first half hour of trading.

The market went wild: What exactly triggered this turnaround? How much new capital could this bring into the market?

Keep in mind, Vanguard is not a trend-chasing player. With a $11 trillion portfolio, they have always focused on long-term positioning. When a “traditional force” of this magnitude starts to change course, it probably means a lot more than just one more buyer entering the market.

---

What exactly happened on December 2nd?

Looking back at the timeline makes things even more interesting:

In Q2 2023, Vanguard publicly declared that Bitcoin was not in the best interests of its clients and completely blocked all crypto ETF purchase channels.

In January 2024, a compliant platform’s Bitcoin ETF was approved and launched, but Vanguard’s doors remained firmly shut...

(The original text appears incomplete, suspense is preserved here.)
BTC-3.99%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • Repost
  • Share
Comment
0/400
SnapshotBotvip
· 12-04 09:54
This move by the pioneers is really something else. Two years ago they wouldn't touch it no matter what, and now they're opening the floodgates... This must be the signal that traditional big capital has recognized the trend. If you ask me, retail investors who get in now are probably going to get fleeced again.
View OriginalReply0
AirdropworkerZhangvip
· 12-04 09:42
Vanguard's move this time is truly brilliant; it feels like traditional finance is starting to get serious.
View OriginalReply0
OfflineValidatorvip
· 12-04 09:27
Vanguard really can't hold back this time. Two years ago, they wouldn't touch it no matter what, but now they're opening the doors... To put it bluntly, they smelled the scent of money.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)