Vanguard May Introduce Bitcoin And Ethereum ETFs By Next Year

According to Odaily, Nate Geraci, President of The ETF Store, recently expressed on the X platform that investment giant Vanguard is likely to eventually offer spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded fund (ETF) services on its brokerage platform. Despite Vanguard's current stance of not incorporating cryptocurrency products, Geraci believes the company will reconsider its position. Earlier this year, Vanguard publicly stated that adding crypto products to long-term investment portfolios holds no value. Bloomberg ETF analyst James Seyffart echoed Geraci's sentiment, questioning when Vanguard might "surrender" to the growing demand for cryptocurrency products. Geraci confidently responded that this shift is expected to occur by next year, provided that Bitcoin does not experience a significant downturn by then. This potential change in Vanguard's strategy could mark a significant development in the financial industry, as more traditional investment firms begin to embrace digital assets.