Swiss Spot Bitcoin ETF Could Draw Overseas Banks and Brokers
Edited by Steinar Vigdel Kolnes, Editor, Oslo
SIX Swiss Exchange has confirmed international access to Switzerland’s first genuine spot bitcoin ETF, potentially widening its reach among banks and brokers.
Switzerland’s first genuine spot bitcoin exchange-traded fund could attract banks and brokers from abroad, with SIX Swiss Exchange confirming international access, according to CoinDesk.
That access could broaden the fund’s potential distribution beyond Switzerland. The report does not establish whether overseas institutions have committed to offering or trading the product.
Swiss financial regulator FINMA also addressed the reasoning behind its approval and the question of whether ether and solana ETFs could follow. The supplied information does not indicate that either has been approved.
Source: CoinDesk
