Switzerland approves first spot Bitcoin ETF for retail investors
Briefing by News4U · First published
FINMA approved BIT Asset Management’s Bitcoin Fund ETF, which will trade on SIX Swiss Exchange in November and is restricted to Switzerland.
Cointelegraph reported that Switzerland’s financial regulator FINMA has approved BIT Asset Management’s Bitcoin Fund ETF (BBIT), the first Swiss-law exchange-traded fund allowing retail investors direct exposure to Bitcoin. [1]
The fund holds Bitcoin directly, is classified as an “other fund for alternative investments” and will begin trading on SIX Swiss Exchange in November, with its public offering limited to Switzerland. [1]
Sources
- Switzerland approves first spot Bitcoin ETF for retail investors
Cointelegraph · · Full text