Vanguard, which oversees $11 trillion in assets under management, published a guide titled “Cryptocurrencies and Vanguard: What Investors Need to Know” on Dec. 1 as the company began offering access to crypto exchange-traded funds (ETFs) and mutual funds through its brokerage platform.

“Today, Vanguard allows trading of select third-party cryptocurrency ETFs and mutual funds through a Vanguard brokerage account—but we do not offer our own crypto products,” the asset management giant stated. Vanguard explained its reasoning for permitting access to regulated crypto products even without issuing its own:

Just as we do with all investment vehicles and asset classes, Vanguard consistently monitors the cryptocurrency space. This ongoing analysis has informed our decision to allow most third-party cryptocurrency ETFs and mutual funds on our brokerage platform.

“These products have been tested through periods of market volatility, performing as designed while maintaining liquidity; the administrative processes to service these types of funds have matured; and investor preferences continue to evolve,” the $11 trillion asset manager added.

The guide also examined how these assets function: “From an investment perspective, cryptocurrencies are not strictly commodities, asset classes, or currencies, but share characteristics with each.” It further noted: “Individuals can use cryptocurrencies to buy goods and services or hold them as investments. Cryptocurrencies can be bought and sold directly or through a wrapper such as an ETF or mutual fund and may be available on platforms such as crypto exchanges, crypto brokerage platforms, crypto kiosks and traditional online brokerages.”

Read more: Vanguard Cracks Open Crypto Access With Expansive BTC, ETH, XRP, SOL ETF Listings

The firm also provided guidance for clients evaluating crypto exposure, cautioning that trading cryptocurrency ETFs and mutual funds can involve significant uncertainty and may not fit every portfolio.

Vanguard encouraged investors to understand each product’s structure and underlying exposure, assess risk tolerance and time horizon, consider how crypto aligns with overall asset allocation, and review all prospectuses and disclosures thoroughly. Advocates for cryptocurrencies highlight that regulated access, better market infrastructure, and expanding institutional interest can improve diversification and reinforce the relevance of digital assets in modern investment strategies.

• What crypto products does Vanguard currently allow?
  Vanguard permits trading of select third-party cryptocurrency ETFs and mutual funds through its brokerage platform.
• Why doesn’t Vanguard offer its own crypto funds?
  The firm says it continues to monitor the sector but has not chosen to launch proprietary crypto products.
• How does Vanguard describe cryptocurrencies in its guide?
  The guide states that cryptocurrencies share traits of commodities, asset classes and currencies.
• What risks does Vanguard highlight for crypto ETFs and mutual funds?
  Vanguard notes significant uncertainty and stresses the need to evaluate structure, exposure and risk tolerance.

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