BIT

21 hours ago

BIT and AMINA team up to expand Switzerland’s digital asset market

BIT, formerly known as Matrixport, said it is working with AMINA to broaden access to Switzerland’s digital asset market after the two sides held a joint event during Hong Kong FinTech Week. The gathering, hosted by BIT and AMINA (Hong Kong) Limited at The Upper House in Hong Kong, brought together financial institutions, asset managers, family offices, and digital asset industry representatives to discuss how institutional participation in crypto is changing. The discussion centered on two questions: how financial institutions are reshaping the digital asset market, and how digital assets may alter institutional portfolios. BIT also highlighted a recent regulatory development in Switzerland, where the Swiss Financial Market Supervisory Authority, or FINMA, approved the Bitcoin fund ETF BBIT. According to BIT, BBIT is Switzerland’s first exchange-traded fund to invest directly in Bitcoin and currently Europe’s only spot Bitcoin ETF. BIT co-founder and chief commercial officer Cynthia Wu said the approval marked a milestone for the company and for institutional digital asset investing in Switzerland. She said the partnership with AMINA would combine BIT’s asset management capabilities with Swiss banking custody services to open more investment avenues for institutional clients.

20

Switzerland

2 days ago

Switzerland’s first spot Bitcoin ETF, BBIT, is set to list on SIX in November

Switzerland’s first spot Bitcoin exchange-traded fund, Bitcoin Fund ETF (BBIT), is scheduled to list on SIX Swiss Exchange in November, though the exact listing date has not been finalized. The product received approval from the Swiss Financial Market Supervisory Authority (FINMA) on Oct. 20 and is allowed to hold Bitcoin directly, with a rare exemption from Switzerland’s usual fund diversification rules. Once listed, both institutional and retail investors will be able to trade it on SIX, and overseas banks and brokers may place orders either as approved trading participants or through existing participants. Still, public distribution is currently authorized only in Switzerland, and whether foreign intermediaries can offer the fund to clients depends on local regulations. BIT Asset Management said BBIT differs from many European Bitcoin investment products because it is structured as a regulated fund rather than a debt security issued by a financial company. That means the Bitcoin holdings are segregated from the manager’s own assets, creating a different legal protection framework for investors if the issuer runs into trouble. FINMA also said the approval does not mean crypto funds tied to Ether, Solana, or other assets will automatically be cleared.

150

Switzerland

Oct 29, 2026

Switzerland’s first spot Bitcoin ETF BBIT is expected to start trading in November

Switzerland’s first spot Bitcoin exchange-traded fund, the Bitcoin Fund ETF (BBIT), is expected to begin trading on SIX Swiss Exchange in November, according to CoinDesk. SIX said the exact listing date has not yet been set. Overseas banks and brokers will be able to access the product either directly by becoming approved trading participants or indirectly through existing participants. Still, the fund is currently authorized for public sale only in Switzerland, and whether clients outside the country can buy it will depend on local regulations. CoinDesk also reported that the Swiss Financial Market Supervisory Authority, or FINMA, approved the fund on Oct. 20 and granted it an exemption from diversification requirements, allowing it to invest entirely in Bitcoin. FINMA said the approval should not be read as an automatic green light for ETFs tied to other crypto assets such as Ethereum or Solana.

340

Switzerland

Oct 28, 2026

Swiss FINMA approves first domestic retail Bitcoin ETF

Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), approved the first retail exchange-traded fund established under Swiss law that invests directly in Bitcoin on Oct. 20, according to Techub News, citing NewsBTC. The product is classified as an alternative investment with specific risks, and the approval still requires the fund to meet defined custody and operational risk management standards. The decision applies to retail investors, setting it apart from a cryptocurrency basket fund approved in 2021 that was limited to qualified investors. The approval marks a regulatory distinction between products available to the broader public and those previously reserved for professional or qualified market participants.

300

Switzerland

Oct 28, 2026

Switzerland approves retail-access spot Bitcoin ETF as BIT’s BBIT targets SIX listing in November

Switzerland’s Financial Market Supervisory Authority, FINMA, has approved the Bitcoin Fund ETF (ticker: BBIT) launched by BIT Asset Management AG, an asset management unit under BIT. The product is described in the source article as Switzerland’s first ETF established under local fund law that directly invests in Bitcoin and is open to retail investors. It is expected to list on SIX Swiss Exchange in November. The approval stands out because many Bitcoin investment products already available in Europe, including BTC ETPs in markets such as Switzerland and Germany, are typically structured as debt securities. Even when backed by underlying Bitcoin, those products still leave investors exposed to issuer credit risk. BBIT, by contrast, uses a Swiss collective investment fund structure, directly holds BTC, separates fund assets from the manager’s own assets, and falls under FINMA rules covering fund governance, custody, and disclosure. The article also links the launch to BIT’s 2024 acquisition of Crypto Finance (Asset Management) AG, a Swiss firm formerly under Deutsche Börse Group’s Crypto Finance Group. That entity held FINMA-regulated qualifications and experience in crypto asset fund management, later becoming a platform for BIT’s regulated asset management business in Europe.

380

BIT

Oct 23, 2026

BIT unit wins FINMA approval to list spot Bitcoin ETF BBIT on SIX in November

BIT Asset Management AG, a unit of BIT, has received approval from the Swiss Financial Market Supervisory Authority, or FINMA, to list what it described as Europe’s first spot Bitcoin exchange-traded fund on the Swiss exchange in November. The product will trade under the ticker BBIT. According to the official announcement cited by ChainCatcher, the ETF is built around Switzerland’s high-net-worth wealth pool and opens a compliant route for direct spot Bitcoin allocation through traditional bank accounts. The company framed the launch as a bridge between conventional finance and crypto access within Switzerland’s regulated market structure. The update also included broader business progress at BIT. The firm said it launched U.S. stock and Hong Kong stock services earlier this year. In addition, its custody arm, Cactus Custody, formally rolled out custody services in Switzerland last month. Those moves were presented alongside the ETF listing plan as part of BIT’s expansion across regulated financial and digital-asset infrastructure.

550

Switzerland

Oct 23, 2026

Switzerland approves first spot Bitcoin ETF for retail investors

Switzerland’s financial regulator, the Swiss Financial Market Supervisory Authority (FINMA), has approved the first Swiss-law exchange-traded fund that gives retail investors direct exposure to Bitcoin. BIT Asset Management said on Thursday that its Bitcoin Fund ETF, trading under the ticker BBIT, is expected to begin trading on SIX Swiss Exchange in November and will be offered publicly only in Switzerland. The fund holds Bitcoin directly rather than using a debt-based exchange-traded product structure. According to the firm, that sets it apart from many Bitcoin products listed in Europe, which are typically exchange-traded products, or ETPs, and carry issuer risk. FINMA said the vehicle falls under Switzerland’s category for other funds for alternative investments with particular risk. The regulator also noted that other providers have filed applications for Bitcoin ETFs. While FINMA has permitted funds investing mainly in baskets of cryptocurrencies since 2021, this is the first approval for a fund investing only in Bitcoin, citing the asset’s longer trading history and higher trading volume than other cryptocurrencies.

600

BIT

Oct 21, 2026

BIT Asset Management wins FINMA approval for Switzerland’s first spot Bitcoin ETF

BIT Asset Management AG, the Swiss wholly owned asset management subsidiary of BIT, said the Swiss Financial Market Supervisory Authority, or FINMA, has approved the Bitcoin Fund ETF under the ticker BBIT. The firm described it as the first exchange-traded fund established under Swiss law that invests directly in Bitcoin and is open to retail investors. It also said the product is currently Europe’s only spot Bitcoin ETF. The fund is expected to begin trading on SIX Swiss Exchange in November. Unlike futures-based structures, BBIT directly holds Bitcoin and is designed to track the asset’s price through a standard securities account. BIT said most Bitcoin products listed in Europe today are exchange-traded products, or ETPs, which are debt instruments that carry issuer risk, while BBIT is structured as a Swiss collective investment scheme with asset segregation and investor protection. BIT Group CEO John Ge and BIT Asset Management CEO Dominik Oggenfuss said the launch reflects the company’s long-term commitment to Switzerland and gives investors Bitcoin exposure through a FINMA-approved Swiss investment fund, with Swiss fund governance, independent custody and daily position transparency.

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