Vanguard May Open Up to Bitcoin ETFs as Price Targets Soar to $150K-$200K

On May 20th, COINOTAG reported insights from Bloomberg’s Senior ETF Analyst, Eric Balchunas, regarding the prospects of a Bitcoin **Exchange-Traded Fund** (ETF) from Vanguard. Balchunas indicated that while the investment titan may not introduce a Bitcoin ETF imminently, increased market maturity could prompt a shift in their strategy within the next one to two years. The analyst noted a potential for Vanguard to lessen their resistance against Bitcoin ETFs, particularly if Bitcoin prices ascend to **$150,000** or **$200,000**. This strategic adjustment seems to be influenced by persistent client inquiries about Bitcoin investments. Furthermore, the new CEO’s connections to **BlackRock**, Vanguard’s parent company, may play a pivotal role in this evolving stance, potentially aligning Vanguard with broader institutional acceptance of cryptocurrency investment vehicles.