Switzerland has taken another major step toward bringing BTC deeper into its traditional financial system.

The Swiss Financial Market Supervisory Authority, better known as FINMA, announced earlier today that it has approved the country’s first retail Bitcoin ETF.

It explained that the decision reflects growing investor demand, although it also warned that the cryptocurrency remains a highly volatile and risky asset.

First Retail BTC ETF in Switzerland

The regulator had already greenlit a crypto fund for qualified investors five years ago, but the latest move is different, as the new ETF is designed for the retail market and invests directly in Bitcoin. The watchdog