Europe's only spot Bitcoin ETF receives Swiss regulatory approval, BIT continues to deepen compliance and multi-asset layout.

BlockBeats news, October 23 - According to official sources, BIT's subsidiary BIT Asset Management AG has received approval from FINMA and will list Europe's first spot Bitcoin ETF (BBIT) on the Swiss Exchange in November. BBIT leverages Switzerland's high-net-worth wealth pool to open up a compliant channel for traditional bank accounts to directly allocate spot Bitcoin.

In terms of business progress, BIT has successively launched US and Hong Kong stock services this year; in addition, its subsidiary Cactus Custody also officially launched Swiss custody services last month, further building a safe and reliable bridge between traditional finance and crypto assets.