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ETH $2,423.37 +3.21%
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XRP $1.48 +2.02%
SOL $88.79 -0.85%
TRX $0.3275 +0.19%
DOGE $0.0999 +1.54%
ADA $0.2596 +0.90%
BCH $453.70 +1.78%
LINK $9.63 +1.22%
HYPE $44.31 +1.94%
AAVE $116.43 +0.08%
SUI $1.00 +2.18%
XLM $0.1739 +4.03%
ZEC $324.68 -5.07%

vanguard

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."

Vanguard will open trading for cryptocurrency-related funds such as Bitcoin, Solana, and XRP

Vanguard will allow customers to trade ETFs and mutual funds that primarily hold cryptocurrencies on its platform starting this week, involving assets such as Bitcoin, Ethereum, Solana, and XRP. This move stands in stark contrast to its previous long-standing refusal to engage in cryptocurrency products.Reports indicate that the company is adjusting its strategy under pressure from retail and institutional clients, with related cryptocurrency asset funds opening for trading to its users starting Tuesday. Vanguard had previously stated that it would not offer any cryptocurrency-related ETFs, including the Bitcoin spot ETFs launched by BlackRock and Fidelity. Bloomberg reported that Vanguard has been reassessing its policies since September of last year.Andrew Kadjeski, the company's head of brokerage and investment, stated that cryptocurrency ETFs have performed as expected amid market volatility, the fund management process is gradually maturing, and investor preferences are changing. It is reported that Vanguard currently serves over 50 million brokerage accounts, managing more than $11 trillion in assets.As the U.S. continues to approve Bitcoin and Ethereum spot ETFs, more funds tracking assets such as XRP, Solana, Dogecoin, and Litecoin are also being launched. Bloomberg analyst Eric Balchunas expects that more than 100 new cryptocurrency ETFs may be listed in the next six months.

GOAT Network launches the "GOAT Vanguard" ambassador program, globally recruiting crypto creators and leaders

ChainCatcher News: The Bitcoin-native zkRollup project GOAT Network officially launches the GOAT Vanguard Ambassador Program, recruiting Bitcoin pioneers, quality content creators, and like-minded community leaders from around the world to jointly lead the BTCFi narrative and promote the implementation of Bitcoin L2 ecology and BTC-native yield innovations. GOAT Vanguard is not just a community outreach initiative; it is a global collaborative action. Selected ambassadors will amplify the impact of GOAT Network's technological innovations, decentralized infrastructure, and ZK applications through content creation, social media interaction, offline events, and community guidance.Ambassador Levels and RequirementsAlpha GOAT (>15K followers): Top-tier influence with high-quality interaction and content output, hosting and calling for online and offline eventsTrailblazer GOAT (>8K followers): High interaction, high-quality content outputRising GOAT (Blue badge certified, follower count increasing): Emerging growth creators, active community usersAmbassadors will enjoy exclusive honors and rewards, including early access to new products in the GOAT ecosystem, monthly and performance incentives, limited-edition merchandise and gift boxes, free participation in offline events, global exposure opportunities, commemorative NFTs, and priority participation in ecological collaborations and funding opportunities.The first round of applications is now open, with a deadline of August 21, 2025, at 23:59 (Eastern Time).GOAT Network states that the GOAT Vanguard Ambassador Program will become an important link connecting technological innovation and global communities, bringing broader recognition and deeper participation to the BTCFi ecosystem.
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