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According to official news, BIT's subsidiary BIT Asset Management AG has been approved by FINMA and will list the first spot Bitcoin ETF (BBIT) in Europe on the Swiss Exchange in November. BBIT relies on Switzerland's high-net-worth wealth pool, providing a compliant channel for traditional bank accounts to directly allocate spot Bitcoin.In terms of business progress, BIT has launched services for US and Hong Kong stocks this year; in addition, its subsidiary Cactus Custody officially launched Swiss custody services last month, further building a safe and reliable bridge between traditional finance and crypto assets.

The Swiss financial regulator FINMA has approved the country's first spot Bitcoin ETF aimed at retail investors, allowing the fund to invest directly in Bitcoin under Swiss investment fund regulations. FINMA stated on Tuesday that this ETF falls under the category of "other alternative investment funds" with specific risks under Swiss law.FINMA noted that Bitcoin has a longer trading history and trading volume far exceeding most other cryptocurrencies, thus allowing for exceptions to the rules requiring fund diversification, and listed safeguards regarding custody, operational risks, and investor disclosures. FINMA had previously approved a crypto fund for qualified investors in 2021, while existing Swiss Bitcoin ETPs are classified as debt securities and not investment funds.

The Swiss Financial Market Supervisory Authority (FINMA) has approved the country's first Bitcoin ETF aimed at retail investors. This product falls under "other alternative investment funds" according to Swiss law and is labeled as having special risks. FINMA did not disclose the issuer of the fund, but multiple media outlets have indicated that signs suggest it may come from BIT Asset Management (formerly Matrixport Asset Management), and FINMA did not deny this claim in response to inquiries. Additionally, several fund providers have submitted or announced plans to submit Bitcoin ETF applications.The fund is a single-asset product, with all funds directed towards Bitcoin. To this end, FINMA needed to grant an exemption regarding its risk diversification rules, citing that Bitcoin has a long trading history and extremely high trading volume. In terms of asset custody, participating institutions must take measures to prevent operational and custody risks, with standards referenced from the regulatory announcement issued by FINMA on January 12, 2026, which requires that customer crypto assets are not included in bankruptcy assets in the event of the custodian's bankruptcy. Meanwhile, the sales process must comply with Fidleg's conduct rules to provide higher investor protection than direct purchases of cryptocurrencies, and the fund documents must clearly indicate the associated risks.While approving the ETF, FINMA emphasized that even investing in Bitcoin through an approved ETF carries high risks, with severe volatility potentially leading to significant depreciation of the principal invested, and required the issuer to provide clear warnings about volatility and loss risks. The United States has approved Bitcoin spot ETFs starting January 2024, with BlackRock's iShares Bitcoin Trust launching on January 11, 2024, currently managing approximately $65 billion. The Swiss Exchange has been able to trade Bitcoin products for years, but they have existed in the form of ETPs and do not have fund status; this approved ETF is the first to incorporate Bitcoin into the approved public fund framework.

Switzerland provides a regulatory path for anti-money laundering for crypto businesses through the Self-Regulatory Organization (SRO) model. Smaller crypto exchanges, brokers, and custodial wallet providers join the SRO under the framework authorized by the Swiss Financial Market Supervisory Authority (FINMA), which reviews their anti-money laundering control measures.When crypto businesses engage in financial intermediation activities such as token exchange, customer wallet custody, or payment token issuance in Switzerland, they must obtain a full license from FINMA or join an SRO. VQF, PolyReg, ARIF, and SO-FIT are responsible for supervising most crypto activities, and the review is usually completed within 2 to 4 months after the company submits its business plan, organizational structure, and anti-money laundering procedures.PolyReg, VQF, ARIF, and SO-FIT have jointly raised the minimum regulatory standards for virtual asset service providers at the beginning of 2026, covering transaction monitoring, blockchain analysis, and technical controls. The Swiss Federal Council initiated a consultation on new licensing categories for crypto custody, trading infrastructure, and payment tool issuance under the Financial Institutions Act at the end of 2025.

According to Crowdfund Insider, Swiss financial market infrastructure provider SIX has obtained approval from the Swiss Financial Market Supervisory Authority (FINMA) to directly integrate its digital central securities depository (CSD, formerly operated by SIX Digital Exchange AG) into the existing SIX SIS AG division. At the same time, FINMA has authorized SIX to provide cryptocurrency custody services through the merged central securities depository.Previously, SIX maintained separate infrastructures for traditional markets and blockchain-based assets for many years. This integration eliminates that boundary, creating a single platform to support end-to-end post-trade operations across asset classes. Financial institutions can manage cryptocurrency custody using the same security framework as traditional instruments like stocks and bonds under the FINMA regulatory framework.Rafael Moral Santiago, Head of Securities Services and Executive Committee Member at SIX, stated that the goal is to provide financial institutions with a single secure entry point into digital assets, combining innovation with the stability of existing systems. This initiative is part of SIX's long-term plan to build a comprehensive post-trade solution across Europe by 2030.SIX is headquartered in Switzerland and is owned by approximately 120 financial institutions, with operations covering exchanges, post-trade services, financial information, and payment infrastructure.

ChainCatcher news, according to CoinDesk, BX Digital, a subsidiary of the Stuttgart Stock Exchange in Germany, has received approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate a digital asset trading and settlement platform, becoming the first institution in Switzerland to obtain such a license.The Zurich-based company will operate trading facilities using distributed ledger technology (DLT) to streamline the trading process of tokenized financial instruments. BX Digital will leverage the Ethereum blockchain to facilitate direct asset transfers without the involvement of intermediaries such as central securities depositories.