Switzerland Spot Bitcoin ETF Approved by FINMA as US Flows Add $524.8M

Switzerland's financial regulator has approved the country's first spot bitcoin ETF for retail investors, a step that widens institutional access outside the United States even as the SEC's own rulemaking on crypto moves forward at a measured pace. For a market that has spent October trading inside a macro ceiling, the approval is a structural signal about where the ETF wrapper is heading, not an overnight price catalyst.

Key Takeaways FINMA approved Switzerland's first spot bitcoin ETF for retail investors on October 20, per The Block. US spot bitcoin ETFs recorded a net +$524.8 million inflow on October 21, a third straight session, with IBIT leading at +$235.0 million. Spot ether ETFs rema…