Get 125% / $2,500 on 1st deposit!
New players only. Exclusive Welcome Bonus of up to $2,500
A noticeable shift hit the crypto market after Vanguard reversed its long standing block on digital asset products. The update gave retail clients the ability to trade ETFs and mutual funds tied to Bitcoin, Ethereum, XRP and Solana. It also stirred a loud reaction from traders who had waited months for the platform to open its doors to crypto exposure.
Good to Know
The change went live on Tuesday, and within hours, traders pointed to a sharp increase in BTC prices. Bitcoin jumped 7%, moving to $93,033 at time of writing. Many crypto watchers highlighted the timing and saw a link between the policy switch and the immediate enthusiasm from traders.
Bloomberg senior ETF analyst Eric Balchunas shared his thoughts on social media, and he did not hold back on the timing.
“THE VANGUARD EFFECT: Bitcoin jumps 6% right around US open on first day after bitcoin ETF ban lifted. Coincidence? I think not.
Also $1 billion in IBIT volume in the first 30 minutes of trading. I knew those Vanguardians had a little degen in them, even some of the most conservative investors like to add a little hot sauce to their portfolio.
Vanguard saving Bitcoin was not on my 2025 bingo card I can tell you that.”
His comment highlighted two things: the fast jump in price and the early flood of volume into spot BTC ETFs like IBIT.
Although Balchunas saw the spike as tied to Vanguard clients finally gaining access, he also warned against expecting repeat reactions. He added another view for those assuming a new long term pattern.
“I think there is a small percentage of people who were pent up [to buy]. And it is good just to be on the platform and available. You never know when others may allocate.
That said, you cannot rely on ETF Boomers for everything.”
His message was simple: the first burst of demand came from users who had waited for permission. Once that backlog clears, price moves will rely again on wider crypto market sentiment rather than one platform lifting a restriction.