Swiss Watchdog Approves First Retail Fund That Holds Bitcoin Directly
Switzerland's regulator, FINMA, has approved the first retail fund that holds bitcoin directly. It waived the usual diversification rules for the fund but placed strong focus on custody and investor protection. For traders, this may show how regulators are willing to open direct bitcoin access to everyday investors.
Why it matters
- FINMA approved the first retail fund that holds bitcoin directly.
- The regulator waived its diversification rules for this fund.
- Custody and investor-protection safeguards were a key condition of the approval.
What to watch next
Watch how the fund's custody arrangements and investor uptake develop, and whether other regulators follow FINMA's lead.
