FINMA approves Switzerland’s first retail Bitcoin ETF with direct BTC exposure
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FINMA approved what it calls Switzerland’s first Bitcoin ETF that invests directly in Bitcoin and is available to retail investors, citing growing interest in crypto and noting several providers have filed or announced similar applications without naming this fund’s issuer. SIX said in August 2025 iShares would trade a BTC product backed by Coinbase Custody cold storage; no launch date was announced. FINMA warned BTC carries significant market risk.
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