Vanguard CEO Salim Ramji was previously head of BlackRock’s iShares division. Credit: Smith Collection/Gado/Getty Images. Key Takeaways Vanguard has finally opened up its brokerage platform to Bitcoin ETFs. The change has been widely anticipated ever since Salim Ramji took over as CEO. Ramji previously spearheaded BlackRock’s entry into crypto ETFs. As the head of BlackRock’s iShares division between 2019 and 2024, Salim Ramji helped launch one of the first spot Bitcoin exchange-traded funds (ETFs ...

Core Viewpoint - Vanguard's decision to allow trading in crypto-linked products on its brokerage platform is expected to create pressure on Charles Schwab (SCHW) as it diminishes Schwab's competitive differentiation in the market [1][10]. Group 1: Vanguard's Impact on Schwab - Vanguard's previous restrictions had pushed crypto-interested investors to maintain accounts with Schwab for access to regulated Bitcoin and Ether ETFs, but now Vanguard's move normalizes crypto for conservative investors [2]. - This shift raises the baseline for offerings from full-service brokerages, meaning Schwab can no longer rely on crypto access as a unique selling point [2]. - Despite the competitive pressure, Schwab is well-positioned to serve the expanding market for regulated crypto exposure with its more robust tools and broader product offerings [3]. Group 2: Schwab's Competitive Position - Schwab's platform provides a wider range of crypto-linked products and superior active-trader features compared to Vanguard, which may lead to increased trading activity in crypto-linked ETFs and options [4][10]. - The normalization of crypto exposure among conservative investors could enhance Schwab's trading activity, leveraging its scale and client-service model [4]. - While Vanguard's changes may negatively impact Schwab's differentiation narrative, they are expected to positively influence the overall market for crypto ETFs [5]. Group 3: Competitors' Strategies - Interactive Brokers is aggressively expanding its product suite, including daily options on European indices and enhanced crypto trading capabilities [7]. - Robinhood is diversifying its offerings with new features like an AI assistant for market analysis and advanced trading tools, as well as expanding into personal finance products [8]. Group 4: Schwab's Market Performance - Schwab's shares have increased by 25.3% this year, which is below the industry's rally of 31.3% [9].

RT BSCN (@BSCNews)🚨 VANGUARD FINALLY OPENS DOORS TO CRYPTO - When $BTC ETFs first went live, people were shocked about financial giant Vanguard's unwillingness to support them... Now all that has changed ⬇️https://t.co/ckKivnMkVy ...

Morning Minute: Vanguard Finally Lets Investors Buy Crypto► https://t.co/pLIPpOkiqU https://t.co/pLIPpOkiqU ...

Core Insights - Vanguard, a $9 trillion asset manager, has shifted its stance on cryptocurrency, now allowing customers to buy Bitcoin, Ethereum, and XRP ETFs through its brokerage accounts, marking a significant change in crypto adoption [3][4][6] - This move opens access to regulated crypto products for millions of retail and retirement investors, integrating crypto into traditional investment portfolios alongside index funds [8][9] Company Actions - Vanguard has rolled out support for both spot and futures crypto ETFs, including those tied to Bitcoin, Ethereum, XRP, and Solana, although it is not launching its own ETF [3][4] - The decision to allow third-party issuers to offer crypto ETFs on its platform represents a major shift in Vanguard's previous hard-line stance against crypto investments [6][9] Market Implications - The introduction of crypto ETFs on Vanguard's platform is expected to attract a new class of investors, including retirement savers and index-fund loyalists, who typically do not engage in active trading but seek exposure to crypto assets [8] - This development signifies a broader acceptance of cryptocurrency within traditional finance, indicating that crypto is becoming a standard part of investment offerings [9]

Dig into the Vanguard news + catch up on all the day's headlineshttps://t.co/oIdXx3Ks7k ...

The Morning Minute (12.2)Powered by @yeet⏰Top News:-Crypto majors rebound after selloff; BTC at $87,400-Saylor’s Strategy announced a $1.44B USD Reserve to cover debt payments-Vanguard finally opens doors to crypto ETFs starting today-House Republicans release 50-page report on Operation Chokepoint 2.0-Myriad partners with Trust Wallet to bring prediction markets native in-wallet🌎 Macro Crypto and Memes-Crypto majors are green and reversing yesterday’s selloff; BTC 2% at $87,400; ETH even at $2,820, BNB +2% ...

Core Insights - Bank of America (BofA) has officially endorsed a 1%–4% allocation to crypto for its wealth management clients, indicating a significant shift in Wall Street's approach to digital assets [1][3] - The endorsement comes at a challenging time for retail investors, who currently hold the majority of Bitcoin ETF supply and are facing substantial market losses [1][8] Group 1: BofA's Crypto Strategy - BofA will begin CIO coverage of four Bitcoin ETFs starting January 5, 2026, allowing over 15,000 advisers to recommend regulated crypto products proactively [2] - Chris Hyzy, CIO of Bank of America Private Bank, stated that a modest allocation of 1% to 4% in digital assets could be suitable for investors comfortable with volatility [3] - Nancy Fahmy, head of BofA's investment solutions group, noted that the update reflects growing client demand for access to digital assets [4] Group 2: Industry Trends - BofA's guidance aligns with a broader institutional shift, following a policy reversal that has eased constraints on banks engaging with digital assets [5] - Other financial institutions are also recommending crypto allocations, with Morgan Stanley suggesting 2%–4%, BlackRock endorsing 1%–2%, and Fidelity proposing 2%–5% [7] - The timing of Wall Street's adoption is notable, as Bitcoin has dropped nearly 33% from its peak, while retail investors hold approximately 75% of spot Bitcoin ETF assets, making them highly exposed to price volatility [8]

Vanguard, the $11 trillion asset manager famous for resisting the cryptocurrency trend, is reversing course and will allow spot crypto exchange-traded funds to trade on its platform starting Tuesday. The move is seen as a major concession to investor demand. Vanguard serves clients with “diverse needs and risk profiles” and aims to give them “the ability to invest in products they choose,” Andrew Kadjeski, Vanguard’s head of brokerage and investments, told Bloomberg. Vanguard clients will be able to buy ...

Core Insights - U.S.-listed ETFs attracted $147.7 billion in November, marking a significant total despite being lower than October's record of $176 billion. Year-to-date inflows reached $1.27 trillion, setting an annual record with one month remaining [1] - The current pace suggests that net creations for 2025 could exceed $1.4 trillion [1] Inflows by Category - U.S. equity ETFs led the inflows with $73.6 billion, followed by U.S. fixed income ETFs at $33.1 billion, international equity ETFs at $24.6 billion, and international fixed income ETFs at $10.7 billion. Currency ETFs experienced outflows of $3.8 billion, primarily due to cryptocurrency funds [2] Market Performance - The S&P 500 experienced volatility, dropping 5.1% from peak to trough before recovering nearly all losses by month-end, finishing close to its starting point. The 10-year Treasury yield fluctuated, ending the month near 4.08% [3] Cryptocurrency Performance - Bitcoin and ether saw significant declines, with Bitcoin briefly falling to $80,000, approximately one-third below its October all-time high of $125,000 [4] Top Fund Performers - The Vanguard S&P 500 ETF (VOO) led all ETFs with nearly $21 billion in inflows for November, achieving a year-to-date total of almost $125 billion, a new annual record for any ETF [5] - In fixed income, the iShares 0–3 Month Treasury Bond ETF (SGOV) and the iShares 7–10 Year Treasury Bond ETF (IEF) were the top asset gatherers, attracting $5.5 billion and $4.7 billion, respectively. The iShares Core MSCI Emerging Markets ETF (IEMG) led international equity ETFs with $4.6 billion in inflows [6] Top Outflows - The iShares MSCI USA Quality Factor ETF (QUAL), the iShares MBS ETF (MBB), and the iShares Bitcoin Trust (IBIT) experienced the largest outflows, with IBIT losing $2.4 billion and the iShares Ethereum Trust (ETHA) shedding $1.1 billion [7]