According to Decrypt, Switzerland’s financial regulator FINMA has approved a retail investment fund that holds Bitcoin directly. The decision marks the first approval in Switzerland for such a fund under current regulations.
FINMA waived the standard diversification requirement typically applied to retail funds but emphasized strict adherence to custody standards and investor protection measures. The regulator focused closely on how Bitcoin is stored and safeguarded, as well as ongoing monitoring of risk exposure for investors.
The fund allows retail investors to access Bitcoin through a regulated investment vehicle without needing to hold the asset personally. FINMA’s approach reflects a balance between enabling innovation in digital asset offerings and ensuring appropriate oversight for client safety.
