Does this Bitcoin fund approved for individual investors mean Switzerland has finally opened the door for the first time? I compared the regulatory wording with the price. Switzerland’s Financial Market Supervisory Authority, FINMA, said it has approved for the first time an ETF aimed at individual investors that can invest directly in Bitcoin. Legally, it falls under “other alternative investment funds” with specific risks. It has been exempted from some diversification requirements because Bitcoin has a relatively long trading history and high trading volumes. Operational and custody risks still need to be kept in check in line with the guidelines, and sales must comply with FinSA, clearly explaining price volatility and the risk of losing principal.
The price didn’t oblige. Bitcoin $BTC is currently at 81510.96 USDT, down 0.96% over 24 hours. FINMA also stressed that an approved ETF is still exposed to high volatility, and investors could still suffer significant losses of principal. Other fund managers have already submitted applications or announced plans to apply. The approval has come through—but will the money really follow?
#加密监管 #ETF
The price didn’t oblige. Bitcoin $BTC is currently at 81510.96 USDT, down 0.96% over 24 hours. FINMA also stressed that an approved ETF is still exposed to high volatility, and investors could still suffer significant losses of principal. Other fund managers have already submitted applications or announced plans to apply. The approval has come through—but will the money really follow?
#加密监管 #ETF