🇨🇭 Switzerland has approved its first spot Bitcoin ETF for retail investors
Financial regulator FINMA has for the first time authorized the launch of an exchange-traded fund that invests directly in Bitcoin and is available to private investors.
Crypto ETPs have already traded in Switzerland, but the new ETF has a different legal structure and is regulated as an investment fund.
The fund’s name and trading start date have not yet been disclosed.
#BTC #ETF
Financial regulator FINMA has for the first time authorized the launch of an exchange-traded fund that invests directly in Bitcoin and is available to private investors.
Crypto ETPs have already traded in Switzerland, but the new ETF has a different legal structure and is regulated as an investment fund.
The fund’s name and trading start date have not yet been disclosed.
#BTC #ETF