The U.S. Securities and Exchange Commission approved Vanguard’s fintech-focused exchange-traded fund, paving the way for a product expected to attract $2 billion in inflows within the first quarter. The ETF will track companies innovating in digital payments, financial infrastructure, and emerging financial-technology services. Vanguard said the fund supports long-term exposure to fintech disruption themes shaping capital markets. Analysts noted that the launch could increase retail participation and institutional interest in the sector, reflecting continued investor demand for next-generation financial products.