According to @BullTheoryio, Vanguard has reversed its policy and will allow all clients, including institutions, to trade regulated spot ETFs for Bitcoin (BTC), Ethereum (ETH), XRP, and Solana (SOL) from issuers such as BlackRock, Fidelity, Grayscale, VanEck, and Bitwise starting today, opening access across its $11 trillion platform serving 50+ million investors source: @BullTheoryio on X, Dec 2, 2025. According to @BullTheoryio, the catalyst is new CEO Salim Ramji, who previously helped launch BlackRock’s Bitcoin ETF (IBIT) and led the iShares ecosystem, with the author describing this access change as one of the largest institutional signals since ETF approvals source: @BullTheoryio on X, Dec 2, 2025. According to @BullTheoryio, 0.5% of Vanguard’s $11T equals $55B, and the author argues that such a figure would exceed total flows seen during the first year of the 2024 crypto ETF cycle, implying potential for a larger second-wave demand profile across BTC and broader crypto ETFs if allocations occur source: @BullTheoryio on X, Dec 2, 2025. According to @BullTheoryio, BlackRock’s IBIT has grown above $80B AUM, Ethereum ETFs are scaling, and XRP and SOL ETFs have launched, while regulatory clarity has improved as SAB 121 is rescinded and SEC-CFTC coordination increases, alongside bank and broker distribution expanding and structured products from JPMorgan and Morgan Stanley tied to Bitcoin source: @BullTheoryio on X, Dec 2, 2025. According to @BullTheoryio, trading implications include tens of millions of new investors gaining access via Vanguard, institutional accounts sourcing exposure directly, competitive pressure on remaining holdouts, and the potential for billions in incremental inflows from even small allocations, supporting deeper liquidity and legitimacy for BTC and crypto within large portfolios source: @BullTheoryio on X, Dec 2, 2025.

According to Eric Balchunas, five spot crypto ETFs are launching over the next six days (source: Eric Balchunas on X, Nov 24, 2025). He added that beyond these, he expects a steady supply with likely over 100 additional spot crypto ETFs in the next six months, and he shared a chart from James Seyffart showing what has launched and what's on deck (source: Eric Balchunas on X, Nov 24, 2025).

According to Eric Balchunas, the SEC has approved generic listing standards that clear the way for spot crypto ETFs to launch under the 1933 Act without case-by-case hurdles, provided the underlying asset has futures on Coinbase (source: Eric Balchunas/X, Sep 17, 2025). Balchunas notes that roughly 12–15 coins currently meet the Coinbase-futures condition, indicating a pipeline of eligible spot ETF products tied to those assets (source: Eric Balchunas/X, Sep 17, 2025). For traders, the key watchpoints are issuer 1933 Act filings and Coinbase-futures eligible coins for upcoming spot ETF listing activity following this approval (source: Eric Balchunas/X, Sep 17, 2025).

According to @lookonchain, Sept 10 recorded total net inflows of +524 BTC valued at +$59.75M across 10 Bitcoin ETFs (source: @lookonchain on X, Sep 10, 2025, https://x.com/lookonchain/status/1965795458472943803). According to @lookonchain, BlackRock's iShares Bitcoin ETF saw +1,521 BTC in daily inflows worth +$173.42M and currently holds 752,301 BTC valued at $85.76B (source: @lookonchain on X, Sep 10, 2025, https://x.com/lookonchain/status/1965795458472943803). According to @lookonchain, nine Ethereum ETFs posted combined net inflows of +15,071 ETH totaling +$66.51M (source: @lookonchain on X, Sep 10, 2025, https://x.com/lookonchain/status/1965795458472943803). According to @lookonchain, BlackRock's iShares Ethereum ETF had +10,285 ETH in inflows worth $45.39M and now holds 3,671,310 ETH valued at $16.2B (source: @lookonchain on X, Sep 10, 2025, https://x.com/lookonchain/status/1965795458472943803). According to @lookonchain, based on the reported totals this implies roughly 52 BTC average net inflow per BTC ETF and about 1,675 ETH per ETH ETF on the day, highlighting where spot ETF demand concentrated (source: @lookonchain on X, Sep 10, 2025, https://x.com/lookonchain/status/1965795458472943803).