Swiss FINMA approves first spot bitcoin ETF, issued by Singapore's Bit Asset Management

• —FINMA approved the spot bitcoin ETF of Singapore-based Bit Asset Management
• —Issuer calls it Switzerland's first spot bitcoin ETF and Europe's only one
• —In the EU, crypto exposure comes mostly via ETPs and ETNs as UCITS excludes digital assets
• —Switzerland sits outside the EU and regulates its own market, speeding approval