'Semi-Shock': Bloomberg Analyst Stunned by Vanguard's Crypto Move

Cover image via U.Today Vanguard, the $10 trillion asset management behemoth, has shocked some analysts with its most cryptocurrency-related move. Advertisement According to a new executive job posting, the traditionally conservative firm is seeking its first-ever Head of Digital Assets for Personal Wealth. The revelation caught the attention of prominent industry observers, including Bloomberg Senior ETF Analyst Eric Balchunas. The latter claims that he experienced "semi-shock" after reading the news since he thought that the financial titan would stop with simply allowing cryptocurrency ETFs on its platform. HOT Stories Ripple Exec: Washington Can't Ignore Crypto Dogecoin (DOGE) Uptrend Attempt Is Fuelless, XRP Paints Severe RSI Divergence, Bitcoin (BTC) Recovery Rally Is Premature: Crypto Market Review The successful candidate will be responsible for developing a "multi-year digital assets roadmap" for the massive asset manager. He or she will lead the firm's "digital assets strategy, roadmap, and enterprise execution." Advertisement You Might Also Like Wed, 02/04/2026 - 16:03 $12 Trillion Giant Vanguard Boosts Bitcoin Treasury Position: Details By Alex Dovbnya The description further reveals that the executive will define how Vanguard will "evaluate, prioritize, develop, and implement digital asset capabilities, products, and operating models." Gradual embracement Vanguard has gone from completely rejecting the novel asset class to gradually embracing it. Advertisement When spot Bitcoin ETFs were first approved in the United States in early 2024, Vanguard famously refused to offer the products to its clients. The firm maintained a staunch anti-crypto stance under former CEO Tim Buckley. It used to be argued that highly speculative and volatile assets like Bitcoin did not belong in long-term portfolios. The company's brokerage platform completely blocked the purchase of these ETFs despite rival BlackRock embracing crypto-friendliness. Vanguard's tone began to change in late 2024 after the appointment of former BlackRock executive Salim Ramji as the new CEO. Ramji notably oversaw the extremely successful launch of its spot Bitcoin ETF (IBIT) In December 2025, Vanguard reversed its longstanding ban on cryptocurrency ETFs. At the same time, Vanguard explicitly stated at the time that it had "no plans to launch its own crypto products" and would continue to exclude highly speculative assets like meme coins. However, the July 2026 job posting indicates that this is likely no longer the case. #Cryptocurrency Adoption #Vanguard