Switzerland Clears First Retail Bitcoin ETF, Unlocking Direct BTC Access Nationwide

The Swiss decision introduces another major step towards regulated crypto investing. Switzerland’s Financial Market Supervisory Authority (FINMA) has licensed the nation’s first Bitcoin (BTC) exchange-traded fund (ETF) that can invest directly in BTC and be made available to retail investors. FINMA said growing demand for cryptocurrency investments, particularly Bitcoin, contributed to its decision. The approved product is designated as an “other fund for alternative investments” in Swiss law with specific risks. The new structure is a regulated retail fund, which invests directly in Bitcoin, and it is one of the structures not already available in Switzerland which have been approved.