Swiss Regulator Approves First Retail Fund That Holds Bitcoin Directly

The Swiss regulator FINMA has approved the first retail fund that holds Bitcoin directly, effectively greenlighting the country's first Bitcoin ETF. Previously, Bitcoin exchange-traded funds were accessible only to institutional investors. To enable this retail offering, FINMA waived standard diversification rules but implemented strict requirements regarding custody and investor-protection safeguards. This regulatory decision marks a significant shift in the Swiss financial landscape, allowing a broader range of investors to access Bitcoin through regulated funds.