CryptoThe Blockabout 1 hour ago
Swiss Regulator Approves First Retail Bitcoin ETF
2 min read
Swiss regulator FINMA approved the country's first spot bitcoin ETF for retail investors on Tuesday. The fund falls under alternative investment rules, allowing direct bitcoin investment unlike previous debt securities. FINMA made an exception to diversification requirements due to bitcoin's trading history and volume, while outlining custody and operational risk safeguards for investors.
Level
Hype check
Tap to vote and see what everyone thinks.
