In an official statement on the 20th, the Swiss Financial Market Supervisory Authority (FINMA) announced that it has granted its first approval for a spot ETF aimed at retail investors, which allows direct investment in cryptocurrency Bitcoin (BTC) and is traded on exchanges.
FINMA noted the growing interest in investing in cryptocurrencies, particularly Bitcoin, in light of this approval. The names of the approved fund and its management company have not been disclosed.
This approval considers the long history of Bitcoin trading and...
