Swiss crypto goes solo: FINMA approves the first retail-accessible $BTC ETF

Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), approved the country’s first exchange-traded fund giving retail investors direct exposure to Bitcoin ($BTC). The approval, announced Tuesday, October 20, cites “growing interest” in cryptocurrency investments, particularly Bitcoin ($BTC), but FINMA did not disclose the issuer, trading symbol or launch date. Other providers have submitted or announced Bitcoin ETF applications.

Under Swiss law, FINMA classified the product as an “other fund for alternative