Current outcome
FINMA has approved Switzerland's first Swiss-law spot Bitcoin ETF for retail investors, BIT Asset Management's BBIT, expected to begin trading on SIX Swiss Exchange in November with public offering restricted to Switzerland; other fund providers have also submitted Bitcoin ETF applications.
Progress timeline
2 material updates- #01
瑞士FINMA批准该国首只面向零售投资者的现货比特币ETF
Switzerland's FINMA approved the country's first spot Bitcoin ETF for retail investors, using a regulated investment-fund structure with stricter custody, operational-risk and disclosure requirements instead of the debt-security format used by existing Swiss Bitcoin ETPs.
Source evidence: theblockbeats · Cointelegraph
- #02
Switzerland approves first spot Bitcoin ETF for retail investors
The approved product was identified as BIT Asset Management's Bitcoin Fund ETF (BBIT), expected to begin trading on SIX Swiss Exchange in November, with public offering restricted to Switzerland.
State after update: FINMA has approved Switzerland's first Swiss-law spot Bitcoin ETF for retail investors, BIT Asset Management's BBIT, expected to begin trading on SIX Swiss Exchange in November with public offering restricted to Switzerland; other fund providers have also submitted Bitcoin ETF applications.
Source evidence: Cointelegraph