XRP had a decent Friday, gaining about 1.5% to close at $2.79 after getting hammered the day before. What got traders excited wasn’t just the price bounce, it was news that Vanguard might be changing its mind about crypto ETFs after spending years telling everyone they wouldn’t touch them.
For context, Vanguard has been the holdout among big asset managers when it comes to crypto. While BlackRock was launching their wildly successful Bitcoin ETF and everyone else was jumping on the bandwagon, Vanguard basically said “thanks but no thanks” to their clients who wanted crypto exposure.
But according to crypto journalist Eleanor Terrett , sources are saying Vanguard is now preparing to allow access to crypto ETFs on their platform. That’s a pretty big deal considering they’re the second-largest asset manager in the world with trillions under management.
The timing makes sense when you look at how much money has flowed into crypto ETFs. BlackRock’s Bitcoin and Ethereum ETFs alone have pulled in over $74 billion in net inflows. Fidelity’s crypto ETFs have another $14 billion. That’s a lot of fee revenue Vanguard has been leaving on the table.
What’s particularly interesting for XRP holders is that BlackRock hasn’t filed for an XRP ETF yet, which could leave the door open for Vanguard to be first to market if they decide to go that route. With seven XRP ETF applications already waiting for SEC approval and the new Generic Listing Standards making approvals faster, the timing could work out perfectly.
Conclusion
Vanguard’s potential shift toward crypto ETFs signals a major turning point. If they move quickly, XRP could benefit most, positioning itself for a first-to-market ETF and renewed investor confidence amid rising institutional adoption.
Also Read: XRP Leads
