Morning Edition · Wednesday, October 21, 2026Published at 1:37 AM EDT · New York
The Swiss Financial Market Supervisory Authority (FINMA) exempted the fund from its diversification rules, citing bitcoin's trading volume, while keeping custody safeguards, risk warnings and sales duties. Reports name BIT Asset Management as the issuer.

FINMA authorized a retail fund under Swiss law that invests directly in bitcoin. It is the country's first spot bitcoin exchange-traded fund (ETF) open to retail investors, according to Bitcoin Magazine and French-language reporting. Until…
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Part of a tracked trend
Regulated Bitcoin Funds Spread Beyond the US
National regulators outside the United States will keep bringing spot bitcoin into their retail fund law, shifting holdings away from note-based products and self-custody toward segregated, regulated vehicles that compete on fees and jurisdiction.
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