Switzerland Approves First Retail Bitcoin ETF Under Swiss Law

TLDR FINMA approved the first Swiss-law retail ETF that invests directly in Bitcoin. The fund received an exemption from diversification rules because of Bitcoin’s long trading history and high trading volume. Custody rules, bankruptcy protections and FinSA sales duties still apply. FINMA did not name the issuer, fees or a trading start date. The regulator [...]

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