CoinMeta data: bit's Swiss asset management subsidiary, bit, has obtained approval from the Swiss Financial Markets Supervisory Authority (FINMA) to launch Switzerland's first fund that directly invests in Bitcoin, Bitcoin Fund ETF (code: BBIT). It is expected to be listed on the Swiss Stock Exchange in November. This fund adopts the structure of a Swiss collective investment scheme, with assets being independently segregated and open to investors, allowing for the allocation of Bitcoin through regular Swiss bank accounts.