BIT launches Switzerland's first spot Bitcoin ETF, having successively rolled out U.S. and Hong Kong stock services this year.

PANews October 23 news: BIT's Swiss subsidiary BIT AM announced that it has received approval from the Swiss FINMA and will launch Switzerland's first and Europe's only spot Bitcoin ETF (BBIT), expected to be listed on the SIX Swiss Exchange in November. The ETF adopts a Swiss collective investment scheme structure, with assets independently segregated, and will help high-net-worth traditional capital in Switzerland and Europe allocate to crypto assets in a compliant manner.

As a multi-asset platform spanning from crypto finance into traditional finance, BIT has this year successively launched U.S. and Hong Kong stock trading services, achieving interoperability between crypto and mainstream assets.