On-chain analysts say Vanguard’s decision to give clients access to spot BTC, Ethereum (ETH), Solana (SOL) and XRP exchange-traded funds is creating a structural shift that will reshape long-term crypto demand.

Glassnode’s co-founders, who post on X under the joint handle Negentropic, say Vanguard’s embrace of crypto is more significant than BlackRock’s landmark entry in early 2024.

They say Vanguard controls the deepest and most persistent pool of passive retirement capital in the country.

The firm leads IRAs, 401(k)s, index mutual funds, direct-to-consumer investing and passive long-term savings across the middle class.

In their view, the impact is structural, with Vanguard’s shift essentially triggering automatic accumulation regardless of short-term price moves.

“Vanguard embracing BTC and ETH is bigger than BlackRock doing it earlier because Vanguard controls the deepest pool of passive retirement capital.

This isn’t speculative money: it’s automatic 401(k) contributions, target-date flows, and decade-long rebalancing. Once BTC enters those default allocations, the buy pressure becomes structural, price-insensitive, and relentless.”

Bitcoin is trading at $92,239 at time of writing, down 0.81% in the last 24 hours.