Swiss Regulator FINMA Approves First Domestic Retail Bitcoin ETF
Key Highlights: The Swiss Financial Market Supervisory Authority (FINMA) has approved the first Swiss-law retail exchange-traded fund (ETF) investing directly in Bitcoin. Classified as an alternative-investment product with specific risk, the fund received an exemption from standard diversification rules due to Bitcoin’s trading history and liquidity. Supervised institutions managing the product are required to mitigate ...