COINDESK · 2026-10-29 14:15 UTC

Why Switzerland's first genuine spot bitcoin ETF could soon attract overseas banks and brokers

Switzerland's first spot bitcoin ETF (BBIT) will launch in November on SIX Swiss Exchange, accessible to overseas banks and brokers as well as institutional and retail investors. FINMA approved BBIT on Oct. 20 with a rare exemption allowing it to invest entirely in bitcoin, citing bitcoin's long trading history and high volumes; other crypto ETF applications are pending. BBIT is structured as a regulated investment fund with bitcoin holdings separate from the managing company's assets, offering stronger legal protection than debt-based bitcoin products currently traded in Europe.

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