Switzerland Approves First Spot Bitcoin ETF
Switzerland’s financial regulator FINMA has approved the country’s first spot Bitcoin ETF for retail investors, with a November launch planned on the SIX Swiss Exchange.
Swiss financial regulator FINMA has approved the country’s first Bitcoin-only spot exchange-traded fund tailored for retail investors, according to Cointelegraph.
Launch Details
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BIT Asset Management is targeting a November launch for its Bitcoin Fund ETF. The product is expected to begin trading on the SIX Swiss Exchange, with its public offering restricted to Switzerland.
Key facts
- Swiss regulator FINMA approved the country's first Bitcoin-only spot ETF for retail investors.
- BIT Asset Management is managing the Bitcoin Fund ETF.
- The fund is expected to begin trading on the SIX Swiss Exchange in November.
- The public offering is restricted to Switzerland.
Source: cointelegraph.com
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