First, the conclusion: this matter is more explosive than you think.

On December 2nd, Vanguard, which manages $11 trillion – yes, that old Wall Street stalwart that once scoffed at cryptocurrencies – suddenly announced the launch of cryptocurrency-related ETFs and mutual fund trading on its U.S. brokerage platform.

What can you buy? ETF products for mainstream cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, etc. are all available. But don't get me wrong, Vanguard doesn't issue coins or touch that stuff, they only open third-party products, like BlackRock's IBIT.

Here are a few key pieces of information you need to know:

These crypto ETFs are classified as "non-core assets" within the Vanguard system, similar in status to gold—allocable but not the main course. With over 50 million users and nearly $11 trillion in assets, you can now directly purchase crypto ETFs with a single click in your account. The threshold is clear: only "investment-grade" mainstream assets are accepted; Meme coins? Don't even think about it. They must meet U.S. regulatory standards.

Why is this matter important?

You need to understand who Vanguard is - the second largest asset manager in the world, which has long held the attitude that "this thing is unreliable" regarding cryptocurrency. And now? Customer demand + market reality have directly toppled this "anti-crypto fortress" of theirs.

The wind direction of Wall Street has really changed.