FINMA approves Switzerland’s first Bitcoin ETF for retail investors
Summary
FINMA approved Switzerland’s first retail-accessible ETF investing directly in Bitcoin, citing growing investor interest. The regulator did not identify the issuer or give a launch date, though several providers have submitted or announced applications. FINMA warned that Bitcoin’s volatility could cause investors to lose significant capital. The approval follows a 2021 authorization for a crypto fund available to qualified investors.
