Switzerland Approves Its First Bitcoin ETF in Major Retail Crypto Milestone

The Swiss Financial Market Supervisory Authority, better known as FINMA, announced earlier today that it has approved the country’s first retail Bitcoin ETF. It explained that the decision reflects growing investor demand, although it also warned that the cryptocurrency remains a highly volatile and risky asset. First Retail BTC ETF in Switzerland The regulator had already greenlit a crypto fund for qualified investors five years ago, but the latest move is different, as the new ETF is designed for the retail market and invests directly in Bitcoin. The watchdog added that BTC’s comparatively long trading history and high trading volume justified granting an exception from the usual risk-diversification requirements that would otherwise apply to such a fund.

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