Switzerland’s first retail spot Bitcoin ETF targets November launch

BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland.

Switzerland’s financial regulator FINMA’s first approved spot Bitcoin exchange-traded fund for retail investors is expected to begin trading in November.

On Tuesday, FINMA announced it had approved the country’s first spot Bitcoin ETF that invests directly in Bitcoin, but did not disclose who the issuer was.

On Thursday, BIT Asset Management said its Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange next month. The fund holds Bitcoin directly and is approved for public offering in Switzerland only.

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