The Bitcoin spot ETF has been approved, giving investors direct exposure to Bitcoin's price through traditional and regulated investment products. However, SEC Chairman Gary Gensler expressed his distaste for the ETFs in a statement following the vote. Before investment advisers and brokers can recommend the Bitcoin spot ETF to clients, they must comply with Regulation Best Interest (Reg BI), a regulation that requires advisers to conform to a duty of care and specific disclosure requirements. Vanguard has already told clients they cannot invest in the Bitcoin ETFs, anticipating that Reg BI uncertainty may be used to discourage investment in the platform.