Swiss Regulator Clears First Retail Bitcoin ETF

On 20 October, FINMA approved Switzerland’s first retail fund investing directly in Bitcoin, classifying it as an other fund for alternative investments with a specific risk. The regulator exempted the fund from Swiss risk-diversification rules because Bitcoin has a long trading history and high trading volume; the fund holds a single asset and is open to retail buyers, unlike a 2021 crypto fund limited to qualified investors that held a basket. FINMA did not disclose the provider, fee or listing date, though it said other providers have filed or announced applications. SIX Swiss Exchange already listed 215 crypto ETPs among 374 crypto products as of May 2026.