Switzerland’s financial market regulator, FINMA, approved the first Swiss public fund investing directly in BTC, making it available to retail investors. Unlike the previous Swiss ETF, which was reserved for professional investors, the new fund provides direct exposure to bitcoin through a regulated structure without requiring investors to manage an exchange account, private keys, or a wallet themselves. FINMA granted an exception to its diversification rules, citing bitcoin’s trading history and liquidity, while also warning that the asset remains highly volatile and can cause substantial losses. According to Santiment Intelligence, the fund could broaden the investor base by creating new distribution channels for individuals, advisers, and wealth managers, without guaranteeing a rise in bitcoin’s price.
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