Bitcoin Magazine Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF
Swiss financial regulator FINMA has approved the country’s first bitcoin exchange-traded fund for retail investors.
The watchdog said Tuesday that the approval comes as people in Switzerland express a growing interest in crypto — particularly bitcoin.
Bitcoin ETFs — particularly in the U.S. — have widened the scope of investors who can buy and sell the leading cryptocurrency. Via shares that trade on the stock exchange, investors can buy exposure to the biggest cryptocurrency in a safe and regulated way.
“As early as 2021, FINMA authorised a fund for qualified investors that invests primarily in a basket of cryptocurrencies,” the announcement read.
JUST IN: Switzerland's Financial Market Supervisory Authority has approved the country's first Bitcoin ETF pic.twitter.com/AOVLGqTa5H
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