Swiss Regulator Clears First Retail Bitcoin ETF

FINMA did not name the provider, the fee or a listing date, though it said other fund providers have already filed or announced applications. The fund will enter a market where more than 200 crypto ETPs already trade on SIX Swiss Exchange, so its case rests on what a fund structure offers that those products do not. Key Takeaways Systemic Milestone FINMA approved Switzerland’s first retail fund investing directly in Bitcoin. Rule Exemption The fund is exempt from Swiss risk-diversification rules. Historical Parallel SIX listed its first crypto ETP on 22 November 2018.

Source: Coindoo