Switzerland Approves First Spot Bitcoin ETF for Retail Investors
FINMA approved a Swiss-law ETF offering retail investors direct Bitcoin exposure. BIT Asset Management said the Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange in November.
Switzerland’s financial regulator FINMA has approved the first Swiss-law exchange-traded fund allowing retail investors to gain direct exposure to Bitcoin.On Thursday, BIT Asset Management said its Bitcoin Fund ETF (BBIT) is expected to begin trading on SIX Swiss Exchange in November. The fund hold…