Bitcoin · Bitcoin ETF · Wall Street · Bitcoin Magazine
Swiss Financial Regulator Gives Green Light to Country’s First Bitcoin ETF
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Bitcoin exchange-traded funds were only available to institutional investors, until now.
Key facts
- The funds, managed by Wall Street giants like BlackRock, Fidelity, and Morgan Stanley, manage over $97 billion in assets, according to CoinGlass data
- As early as 2021, FINMA authorised a fund for qualified investors that invests primarily in a basket of cryptocurrencies,” the announcement read
- In the U.S., bitcoin ETFs had the most successful debut in the history of investment vehicles when approved in 2024
- It added: “At the same time, FINMA emphasises that investments in Bitcoin, even through an approved ETF, remain highly risky
Summary
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. “As early as 2021, FINMA authorised a fund for qualified investors that invests primarily in a basket of cryptocurrencies,” the announcement read.