Swiss Regulator Approves First Retail Fund That Holds Bitcoin Directly

Switzerland's financial regulator FINMA has approved the country's first retail fund that holds Bitcoin directly, waiving standard diversification requirements for the product. The approval came with strict conditions focused on custody arrangements and investor-protection safeguards. A regulated retail vehicle for direct BTC exposure in a major financial jurisdiction signals growing institutional acceptance and could channel new retail capital into Bitcoin, supporting sentiment for BTC.