Swiss financial regulator FINMA has approved the first retail exchange-traded fund under Swiss law to invest directly in Bitcoin. The approval includes a diversification exemption justified by Bitcoin’s long trading history and particularly high trading volume compared to other cryptocurrencies. The product, categorized as an alternative investment fund with particular risk, does not specify the issuer, fee schedule or trading start date. Other providers have reportedly submitted or announced Bitcoin ETF applications with FINMA. Investors remain exposed to Bitcoin’s volatility risk despite safeguards maintained around asset custody and sales compliance requirements.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
