Regulator green lights Switzerland’s first bitcoin ETF
The Swiss Financial Market Supervisory Authority (FINMA) has approved Switzerland’s first bitcoin Exchange-Traded Fund (ETF).
Select your language
Generated with artificial intelligence.
Listening:
Regulator green lights Switzerland’s first bitcoin ETF
The regulator has approved the first publicly traded fund to invest directly in the cryptocurrency, emphasising that investor protection is a priority.
Back in 2021, FINMA had already authorised a fund for qualified investors comprising crypto assets. There is now a move towards opening this up to the general public, as explained in a press release issued today.
Furthermore, there are already other applicants who have submitted or announced bids to create ETFs.
Regulators advise that investments in bitcoin, even through an ETF approved by FINMA, carry a very high risk due to the significant price fluctuations to which cryptocurrencies are exposed. The capital invested could therefore suffer a considerable loss in value.
“This aspect must be taken into account when making an investment decision, particularly with regard to the amount invested,” said FINMA.
More
Bitcoin ETFs: is crypto staging a comeback?
+ How we produce news in English
Translated from German, reviewed by an English Department journalist.
See more Swissinfo articles in your Google results. Learn more
In compliance with the JTI standards
More: SWI swissinfo.ch certified by the Journalism Trust Initiative
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.