Switzerland’s financial regulator has approved the country’s first spot Bitcoin (CRYPTO: $BTC) exchange-traded fund (ETF) for retail investors.

The Swiss Financial Market Supervisory Authority said that the ETF falls into the category of “other funds for alternative investments” and is now approved for trading under Swiss law.

Several fund providers have reportedly submitted applications to launch spot Bitcoin ETFs in Switzerland and are now awaiting approval from the regulator.

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However, which companies have applied to launch BTC ETFs have not been named. The regulator also has not named which company…