NEW YORK - In a significant shift within the financial services industry following the U.S. Securities and Exchange Commission's  SEC  approval of spot Bitcoin exchange-traded funds  ETFs  on January 10, Vanguard is facing a client backlash. The SEC's green light for spot Bitcoin ETFs marked a watershed moment for cryptocurrency investments, allowing for more direct exposure to Bitcoin's price movements. NEW YORK - In a significant shift within the financial services industry following the U.S. Securities and Exchange Commission's  SEC  approval of spot Bitcoin exchange-traded funds  ETFs  on January 10, Vanguard is facing a client backlash.
Following the SEC's approval of spot Bitcoin ETFs on January 10, Vanguard faces client backlash due to the increased exposure to Bitcoin's price movements.