Vanguard, the $6.2 trillion asset manager, has been a major player in the cryptocurrency space since 2018, when it first announced plans to offer bitcoin futures contracts.
However, the firm has yet to launch an Ethereum exchange-traded fund (ETF).
This is not for lack of interest. In a recent interview, Vanguard CEO Tim Buckley said that the firm is “absolutely” looking at Ethereum and other digital assets.
He went on to say that Vanguard is “not going to be first” to launch an ETF, but that it is “absolutely committed” to offering one in the future.
The main reason Vanguard has not yet launched an Ethereum ETF is likely due to regulatory concerns. The U.
S. Securities and Exchange Commission (SEC) has yet to approve a single cryptocurrency ETF, and it seems unlikely that it will do so in the near future.
That said, there are a number of reasons to believe that Vanguard will eventually offer an Ethereum ETF. First, as Buckley himself said, the firm is interested in digital assets and is actively looking at them.
Second, Vanguard is one of the largest asset managers in the world, and it has a history of being early to adopt new investment products (such as ETFs). Finally, Ethereum is the second-largest cryptocurrency by market capitalization, and it seems likely that the SEC will eventually approve an ETF tracking this asset class.
In conclusion, while Vanguard has not yet launched an Ethereum ETF, there are a number of reasons to believe that it will do so in the future.