The world's second-largest asset management company, Vanguard, has reversed its stance, and Bank of America recommends interested investors allocate 1% to 4% of digital assets

Bitcoin's price surged significantly today, briefly breaking through the $92,000 mark. Earlier reports indicated that Vanguard, a major global asset management company, would allow investors to trade BlackRock's Bitcoin spot ETF. William Stern, founder of Cardiff, stated in an email: "We just received news that the anti-crypto fortress—Vanguard has finally opened the door to the spot Bitcoin ETF. When the world's second-largest asset manager shifts from 'critic' to 'distributor,' it sends a signal to every financial advisor in the U.S.: the coast is clear. The market is actively racing to capture the impending flood of capital."

Brian Huang, co-founder of fintech company Glider, also commented on this issue. In an email, he stated: "A bombshell announcement came overnight that Vanguard will now allow trading of crypto ETFs on its platform. They have been one of the main opponents of cryptocurrency in the past, and now they are shifting from an old investment mindset. They want to protect their clients, but it is now clear that the demand for investment in digital assets exceeds the risks they perceive." He also highlighted the latest developments at Bank of America, which recently expressed an open attitude towards clients incorporating cryptocurrencies into their portfolios. Chris Hyzy, Chief Investment Officer of Merrill and Bank of America Private Bank, stated in a statement: "For investors with a strong interest in thematic innovation and who can tolerate higher volatility, it may be appropriate to moderately allocate 1% to 4% of their portfolio to digital assets." Brian Huang described this as "another giant announcement" and emphasized, "Despite the price movements, institutional adoption has not slowed." He also noted that Bitcoin may face further declines in the short term, pointing out: "The recent pain may not be over; venture capitalists like Placeholder founder Chris Burniske have stated that Bitcoin is only interesting below $75,000." However, he added: "In the long run, it seems everyone agrees that Bitcoin will inevitably reach $150,000—it's just a matter of time."