Key facts
- FINMA approved the country's first bitcoin ETF for retail investors.
- The regulator cited growing interest in crypto, particularly bitcoin, in Switzerland.
- FINMA noted that investments in Bitcoin, even through an approved ETF, remain highly risky.
Switzerland's financial regulator, FINMA, has given the green light for the country's first bitcoin exchange-traded fund (ETF) accessible to retail investors. The watchdog announced the approval on Tuesday, highlighting a growing interest in cryptocurrencies, especially bitcoin, among the Swiss population. FINMA stated that while bitcoin ETFs offer a regulated way to gain exposure to the cryptocurrency via stock exchange shares, investments in bitcoin remain highly risky. The announcement did not specify which asset manager or bank would launch the product. Switzerland already has crypto ETFs available for institutional or qualified investors. In the U.S., bitcoin ETFs, approved in 2024, have seen significant success, managing over $97 billion in assets.