$BTC
Switzerland has finally approved its first Bitcoin ETF
Damn, that took long enough
Even the old guard in finance is starting to give BTC the green light
Damn
Guys
This is another piece of news today that’s definitely worth noting in crypto
On October 20, the Swiss Financial Market Supervisory Authority (FINMA) approved the country’s first ETF aimed at the general public that invests directly in Bitcoin
Switzerland already had Bitcoin investment products before
Crypto ETPs have been listed on various Swiss exchanges for quite some time
What’s different this time is that
For the first time, regulators have approved a public investment fund that complies with Switzerland’s fund regulations
And it invests directly in BTC
Previously, many traditional investors who wanted to buy BTC
Had to deal with private keys, wallets, exchanges, and all kinds of other complicated stuff
Now
They can invest through a regulated fund
Making the whole process much simpler and more standardized
So
This is definitely good news
The US, the EU, and Switzerland have now all approved spot BTC products one after another
There are more and more regulated channels for institutional money to enter the market
That’s good for BTC’s fundamentals as a whole
And it indirectly boosts institutional confidence in crypto assets across the board
Good stuff
#瑞士批准首只比特币etf
Switzerland has finally approved its first Bitcoin ETF
Damn, that took long enough
Even the old guard in finance is starting to give BTC the green light
Damn
Guys
This is another piece of news today that’s definitely worth noting in crypto
On October 20, the Swiss Financial Market Supervisory Authority (FINMA) approved the country’s first ETF aimed at the general public that invests directly in Bitcoin
Switzerland already had Bitcoin investment products before
Crypto ETPs have been listed on various Swiss exchanges for quite some time
What’s different this time is that
For the first time, regulators have approved a public investment fund that complies with Switzerland’s fund regulations
And it invests directly in BTC
Previously, many traditional investors who wanted to buy BTC
Had to deal with private keys, wallets, exchanges, and all kinds of other complicated stuff
Now
They can invest through a regulated fund
Making the whole process much simpler and more standardized
So
This is definitely good news
The US, the EU, and Switzerland have now all approved spot BTC products one after another
There are more and more regulated channels for institutional money to enter the market
That’s good for BTC’s fundamentals as a whole
And it indirectly boosts institutional confidence in crypto assets across the board
Good stuff
#瑞士批准首只比特币etf