SIX Swiss Trade introduced in August 2025 that iShares would start buying and selling a Bitcoin exchange-traded product, absolutely backed by $BTC held in chilly storage by Coinbase Custody Worldwide Restricted.
The approval clears a big regulatory hurdle for the launch of Switzerland’s first retail-accessible ETF that invests immediately in Bitcoin. The announcement didn’t specify a launch date.
In 2021, FINMA first licensed a fund for certified buyers that invests primarily in a basket of cryptocurrencies. The regulator stated it granted an exemption from commonplace risk-diversification necessities, citing Bitcoin’s “lengthy buying and selling historical past and a very excessive buying and selling quantity” in contrast with different digital property.
Nonetheless, the regulator emphasised that $BTC investments carry market dangers, comparable to the potential of the invested capital dropping a big quantity of its worth, citing the excessive volatility of cryptocurrencies.
Switzerland is considered one of the crucial crypto-friendly European international locations. In 2023, the Swiss metropolis of Lugano adopted Bitcoin and Tether USDt (USDT) funds for all municipal charges, one of many world’s first metropolis administrations to take action.
