加密货币ETF的里程碑时刻! 资管巨头先锋放开交易 或将点燃比特币上攻之势

Core Viewpoint - Vanguard Group, the world's second-largest asset management company, has reversed its long-standing cautious stance on cryptocurrencies by allowing the trading of ETFs and mutual funds primarily holding cryptocurrencies on its platform, marking a significant policy shift [1][2][3]. Group 1: Vanguard's Decision - Starting from Tuesday, Vanguard will permit the trading of ETFs and mutual funds that hold specific cryptocurrencies, including Bitcoin, Ethereum, XRP, and Solana, on its platform [2][3]. - This decision comes after a significant market downturn, where the cryptocurrency market lost over $1 trillion in value since early October, suggesting a potential rebound for Bitcoin and other cryptocurrencies [2][6]. - The demand for cryptocurrency ETFs from both retail and institutional investors has been a core factor driving Vanguard's change in attitude [2][3]. Group 2: Market Context - Despite recent declines in cryptocurrency prices, related ETFs remain one of the fastest-growing segments in the U.S. fund management industry [3][8]. - Vanguard's move is seen as a psychological boost for cryptocurrency bulls, indicating that traditional financial institutions can no longer resist the allure of digital assets [3][6]. - The overall market has experienced significant sell-offs, but the embrace of cryptocurrency ETFs by Vanguard is viewed as a potential catalyst for a major price rebound in Bitcoin and other cryptocurrencies [6][8]. Group 3: Future Outlook - Vanguard will not immediately create its own cryptocurrency products like its competitors BlackRock and Ark Invest, and funds linked to "meme cryptocurrencies" will still be excluded [4]. - The company aims to provide a secure brokerage platform for its diverse client base, allowing them to invest in products of their choice [4]. - Analysts predict that the current downturn in Bitcoin prices may be a temporary correction, with expectations of a rebound as the market finds a new bottom [7][8].