BIT Asset Management has been approved by FINMA to launch Switzerland's first and Europe's only spot Bitcoin ETF.
This is an exchange-traded fund (ETF) established under Swiss law that directly invests in Bitcoin, and it has been approved to be open to Swiss retail investors.
Zurich, October 22, 2026 / PRNewswire / -- BIT Asset Management AG ("BIT AM") announces that the Swiss Financial Market Supervisory Authority (FINMA) has approved the Bitcoin fund ETF (code: BBIT). As confirmed in the FINMA announcement, this is also Switzerland's first exchange-traded fund that directly invests in Bitcoin. Currently, it is the only spot Bitcoin ETF in Europe.
The fund is expected to start trading on the Swiss Stock Exchange ( SIX Swiss Exchange ) in November.
Bitcoin Fund ETF ( BBIT )
Spot Bitcoin ETF is designed to track the price of Bitcoin and can be traded through regular brokerage accounts. It directly holds Bitcoin, rather than futures or derivatives. This structure helped Bitcoin enter mainstream investment portfolios in the United States; in the U.S., BlackRock's iShares Bitcoin Trust ( IBIT ) as well as another 10 spot Bitcoin ETF products were listed in January 2024.
Currently, most Bitcoin products listed in Europe are exchange-traded products ( ETP ), which are considered debt instruments and carry issuer risk. In contrast, Bitcoin Fund ETF is a Swiss collective investment scheme. Its assets are separate from those of the fund management company, and there are independent isolation arrangements for investors. This fund is open to Swiss retail investors, not limited to qualified investors only.
BIT Group CEO John Ge stated: "Switzerland has established itself as a leading hub for digital assets, boasting a strong financial industry, a clear regulatory environment, and an innovative ecosystem. For BIT Group, this makes Switzerland the natural choice for our ongoing international expansion. Launching Switzerland's first Bitcoin ETF is an important milestone for us, reflecting our long-term commitment to the Swiss market and our ambition to connect traditional finance with emerging technologies."
BIT Asset Management CEO Dominik Oggenfuss stated: "Through BBIT, we aim to create a genuine Swiss Bitcoin ETF. From fund management and custody to listing on SIX Swiss Exchange, everything is carried out in Switzerland. Investors can directly access Bitcoin through Swiss investment funds approved by FINMA and benefit from the regulatory oversight and investor protection provided by Switzerland's mature collective investment plan framework."
He also stated, "Investors can now access Bitcoin through regular Swiss bank accounts, while enjoying Swiss fund governance, independent custody, and daily transparent disclosure of their holdings."
About BIT Asset Management
BIT Asset Management AG is headquartered in Zurich and is a collective asset management institution supervised by FINMA. It is also a wholly-owned subsidiary of BIT. The company was formerly known as Crypto Finance ( Asset Management ) AG. In 2024, it was fully acquired by the group and renamed Matrixport Asset Management AG, and has since adopted its current name. The company offers regulated funds, exchange-traded products, actively managed certificates, and full discretionary asset management services, connecting traditional finance with digital assets. The company is led by CEO Dominik Oggenfuss.
About BIT
BIT was established in 2019, formerly known as Matrixport. It is a one-stop digital asset platform headquartered in Singapore that provides services such as trading, investment, payment, custody, and the tokenization of real-world assets. Through its subsidiaries, BIT holds trust or corporate service provider licenses in Hong Kong and lender licenses, a major payment institution license in Singapore, and a collective asset management institution license granted by FINMA in Switzerland. BIT operates in the UK as a designated representative, is registered as a money service business in the US, and is a member of the Swiss self-regulatory organization VQF.
