FINMA Approves Switzerland’s First Retail Bitcoin ETF
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Switzerland’s financial regulator has approved the country’s first Bitcoin ETF for retail investors, according to Cointelegraph.
Switzerland’s financial regulator, FINMA, has approved the country’s first Bitcoin exchange-traded fund for retail investors, Cointelegraph reported.
The regulator pointed to rising interest in cryptocurrency investments as context for the approval. The decision marks a new development in Switzerland’s retail crypto investment market.
FINMA also said it had received Bitcoin ETF applications from several fund providers. The report did not identify the approved fund’s issuer or specify when trading would begin.
Source: Cointelegraph
