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Vanguard suddenly opens XRP ETF: $11 trillion giant's attitude has turned around.
[Coin World] Vanguard has really changed this time.
The asset management giant managing $11 trillion was previously very resistant to cryptocurrencies—at the beginning of the year, they even blacklisted Bitcoin spot ETFs. So what’s the result now? Bitwise's XRP ETF has suddenly opened up to their more than 50 million clients.
This turn is quite sharp. But don't get too excited; they are just loosening trading permissions to allow users to buy some cryptocurrency ETFs and fund products. As for launching their own products? There are no plans for that at the moment, unlike some competitors who are more aggressive.
To be honest, this matter itself is not big news, but the signal significance of Vanguard's concession is more important - the attitude of traditional finance towards crypto assets is visibly softening.