Swiss FINMA approves the country's first spot Bitcoin ETF for retail investors.

October 20 - The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first spot Bitcoin ETF for retail investors. Unlike existing exchange-traded products (ETPs) in Switzerland that track Bitcoin, the new product adopts a regulated investment fund structure rather than a debt securities form.

The ETF will be subject to more explicit custody, operational risk management, and disclosure requirements, marking a further development in the regulatory structure of Bitcoin investment products in Switzerland.