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The fund can concentrate on Bitcoin under a specific diversification exemption, while custody, sales and risk-disclosure safeguards remain in force.
The decision widens regulated access to direct BTC exposure and gives Swiss retail investors a new route into the asset through local fund rules.
The initiative dies procedurally — campaigners collected half the 100,000 signatures needed — but the SNB's prior liquidity and volatility objections leave the door closed on substance too.
Polymarket has been named the exclusive prediction market partner of Serie A, Italy's top-flight football league…
The drive needed 100,000 signatures in three years and pulled roughly half. The SNB's pre-emptive rejection framed crypto as too volatile and illiquid to qualify.
A retail-bank doorway opens in Frankfurt while BlackRock quietly bleeds BTC, and the SEC-CFTC pact lands on the same day the dollar's rivals are reorganising around it.
CryptoSlate
CoinTelegraph
CoinDesk
WuBlockchain
Alex Morgan