Switzerland’s first retail spot Bitcoin ETF targets November launch
BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland.
BIT Asset Management’s Bitcoin Fund ETF is expected to begin trading on SIX Swiss Exchange in November, with its public offering restricted to Switzerland.
Switzerland’s financial regulator FINMA’s first approved spot Bitcoin exchange-traded fund for retail investors is expected to begin trading in November.
On Tuesday, FINMA announced it had approved the country’s first spot Bitcoin ETF that invests directly in Bitcoin, but did not disclose who the issuer was.
“Most bitcoin products listed in Europe today are exchange-traded products (ETPs), which are debt instruments that carry issuer risk,” said BIT Asset Management.