Switzerland approves landmark Bitcoin ETF after ruling trading volume sufficient
Summary
FINMA approved Switzerland’s first retail fund under Swiss law to invest directly in Bitcoin, granting an exemption from diversification rules because of Bitcoin’s long trading history and high trading volume. The fund is classified as an alternative investment carrying particular risk and differs legally from Bitcoin-linked ETPs structured as debt securities. FINMA did not identify the issuer or disclose fees or a trading date. It stressed that custody, bankruptcy protections, risk disclosures and suitability checks remain required, and warned that approval does not protect investors from Bitcoin’s volatility or losses.
