According to Eric Balchunas, Vanguard is unlikely to launch its own bitcoin ETF, but there is a possibility the firm may allow trading of existing bitcoin ETFs on its platform within the next one to two years if bitcoin prices reach $150,000 or $200,000. Balchunas notes that persistent customer demand and the influence of Vanguard's new CEO are key factors that could drive this policy shift (source: Eric Balchunas on Twitter, May 19, 2025). For traders, increased access to bitcoin ETFs on a major retail platform like Vanguard could significantly boost liquidity and mainstream adoption, potentially impacting bitcoin price volatility and trading volumes across crypto and traditional markets.