FINMA Approves Switzerland’s First Retail Spot Bitcoin ETF

Switzerland’s Financial Market Supervisory Authority (FINMA) approved the country’s first exchange-traded fund for retail investors that invests directly in Bitcoin on 20 October 2026. The approval clears the regulatory path for BIT Asset Management’s Bitcoin Fund ETF, trading under the ticker BBIT, which the issuer expects to begin trading on SIX Swiss Exchange in November 2026. BBIT targets a November SIX debut BIT Asset Management identified the authorised product as the Bitcoin Fund ETF , or BBIT. The company said the fund is expected to start trading on SIX Swiss Exchange in November 2026, giving the approval a defined, though still prospective, market launch timetable. FINMA described its decision as approval of Switzerland’s first retail ETF investing directly in Bitcoin.

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