Alright, let's get this straight. Vanguard, the so-called "investor-owned" behemoth that used to lecture us about crypto being "not appropriate for long-term portfolios," is now "considering" letting its U.S. clients buy spot crypto ETFs. Considering? They're opening the damn doors! What changed? Did they suddenly develop a conscience? Give me a break.
From "No Way" to "Gimme Some": The Crypto Flip-Flop
The Great Crypto Flip-Flop
Back in 2024, they blocked spot Bitcoin ETFs. Flat-out. No discussion. Now, suddenly, they're "methodical" and "understanding the dynamics." Dynamics, my ass. The only dynamic they understand is that they're missing out on a goddamn gold rush.
Satoshi Stacker on X (formerly known as Twitter, because who can keep up anymore?) nails it: Vanguard "protected" clients from +150% gains on Bitcoin. Protected? More like deprived. And now they want a slice of the pie. It's like watching your grandpa try to learn TikTok dances – embarrassing and way too late.
Vanguard's "Enlightenment": Follow the Cash, Not the Crypto
Follow the Money, Not the Morality
Look, I get it. Money talks. Especially when you're overseeing *ten trillion* in assets. But let's not pretend this is some noble act of financial enlightenment. This is about Vanguard seeing the writing on the wall – or, more accurately, the numbers on the blockchain.
And what about Salim Ramji, the new CEO? Oh yeah, he conveniently used to be at BlackRock, where he oversaw the launch of their Bitcoin ETF IBIT. Funny how that works, ain't it? So, is this a genuine change of heart, or just a calculated move orchestrated by a guy who knows where the bodies – and the Bitcoin – are buried? I'm going with option B.
I mean, what are we supposed to believe? That Vanguard suddenly woke up one morning and said, "You know what? Crypto *is* the future!" after years of telling us it was a scam? That they care about the little guy now? Please. This is a company that makes its money by managing other people's money. And right now, crypto is where the money is flowing.
Vanguard's Crypto "Embrace": Too Little, Too Late?
The Bigger Picture (Maybe)
But, okay, let's try to be optimistic for a second. Maybe, *maybe*, this *is* a sign that crypto is finally going mainstream. If Vanguard, the ultimate symbol of traditional finance, is embracing crypto ETFs, then what's next? Will your grandma start asking you about DeFi at Thanksgiving dinner? Will your dog start day trading Shiba Inu? Probably not. But it's a thought. As
Morning Minute: Vanguard Flirts With Crypto - Decrypt reports, details on which ETFs Vanguard will offer remain scarce. Will they go all-in, or just dip a toe in the water with a few "safe" options? And what about the fees? Will they try to undercut the competition, or will they stick to their usual high-fee model? I’m betting on the latter. Don't expect them to give you a break.
It's a "Mea Culpa" Disguised as Opportunity
So, what's the real story? It's simple: Vanguard screwed up. They missed the boat on crypto, and now they're scrambling to catch up. They're trying to spin it as a win for investors, but let's be real: this is about Vanguard's bottom line, plain and simple. And honestly, I'm not even mad. I'm just disappointed.
