What happened last night? 🌝 🇨🇭 The #FINMA has authorized the first spot Bitcoin ETF open to retail investors in Switzerland. The fund holds Bitcoin directly and benefits from a diversification exemption due to Bitcoin’s history and trading volume. It is classified as an “other fund for alternative investments.” FINMA reminds investors that the risk remains very high. Other applications are currently under review. The BBIT product from BIT Asset Management is expected to list on the SIX Swiss Exchange in November. 📋 The public consultation on the #SEC’s Crypto Assets Regulation closed on October 20. The proposal includes exemptions and a safe harbor for certain tokens. 🔗 Updates to the #XRP Ledger are still scheduled for Friday. The lending amendments are awaiting the remaining votes. Have a great day! 😉