Switzerland Bitcoin ETF and Cameroon’s Paul Biya: A Financial Haven Debate

The Swiss Financial Market Supervisory Authority approved on October 20 the country’s first publicly available fund investing directly in Bitcoin; issuer BIT Asset Management expects trading to begin in November. The fund is an alternative investment fund under Switzerland’s collective investment scheme rules and was exempted from standard diversification requirements, citing Bitcoin’s trading history and volume. The regulator said approval does not eliminate Bitcoin market risks; investors could lose a significant portion of capital to price volatility, and custody, operational safeguards and risk disclosures remain central. Separately, Cameroon President Paul Biya, 93, returned home on August 20 after 73 days abroad including an extended Geneva stay; his office had called the trip a short private stay.