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FINMA Approves First Domestic Spot Bitcoin ETF Under Swiss Fund Law

Swiss regulator FINMA approved the country's first domestic spot Bitcoin ETF under Swiss fund law. Disclosed October 20, the alternative fund includes custody safeguards and investor disclosures. FINMA allowed an exception to risk-diversification rules, citing Bitcoin's long trading history and liquidity, but warns market risk remains very high. Investors should review fees and custody.
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