Vanguard is hiring its first Head of Digital Assets to build a multi-year crypto roadmap for Personal Wealth clients. The roughly $12 trillion asset manager still has no plans to launch its own Bitcoin ETF.

The role appeared on Vanguard’s careers portal on July 6 under requisition 179858. It lists hybrid seats in Malvern, Dallas, Scottsdale, and Charlotte.

From Blocking Bitcoin ETFs to Hiring a Crypto Chief

The job description positions the hire as Vanguard’s senior subject matter expert for digital assets across Personal Wealth. The mandate spans products, operating models, risk, and engagement with regulators.

“The Head of Digital Assets will lead Vanguard Personal Wealth’s digital assets strategy, roadmap, and enterprise execution,” the offer stated.

The posting marks a sharp break from Vanguard’s earlier stance. The firm blocked spot Bitcoin ETFs from its brokerage platform when they launched in January 2024. Executives long dismissed crypto as speculative.

In December 2025, however, Vanguard opened its platform to third-party crypto ETFs and mutual funds. The decision gave more than 50 million brokerage clients access to funds holding Bitcoin, Ethereum (ETH), XRP, and Solana (SOL).

The reversal came under Salim Ramji, who became Vanguard’s first externally hired CEO in July 2024. At BlackRock, he ran the iShares unit that launched the iShares Bitcoin Trust (IBIT). That fund alone held about $54 billion as of March 31, per an iShares fact sheet.

Why Vanguard Still Won’t Launch a Bitcoin ETF

Vanguard has never filed for a proprietary crypto ETF. The firm’s published guidance favors assets with transparent cash flows, and it offers crypto exposure only through third-party products, much like gold.

BlackRock and Fidelity, in contrast, run their own spot Bitcoin funds. Competition among issuers has since fueled a Bitcoin ETF fee war that pushed expense ratios as low as 0.14%. Meanwhile, Schwab’s index fee cuts raised the cost of standing still in traditional products.

Client demand also remains measurable. US spot Bitcoin ETFs held $74.37 billion in net assets as of July 2. That day, Bitcoin ETF inflows returned with $221.72 million after a 10-day outflow streak. As of this writing, total net assets stood at $77.32 billion.

Therefore, the new role looks broader than any single fund. A multi-year Personal Wealth roadmap could span custody, advised portfolios, and tokenization across global finance rather than a product launch.

The open question is whether the roadmap stays exploratory or produces client-facing offerings. The chief’s first moves may show which way Vanguard leans.

Источник: BeInCrypto