Swiss markets watchdog approves first crypto assets fund
The Hindu
FINMA said it had tied the approval to specific requirements, including that the fund may invest only in established assets with a sufficiently large trading volume.
Switzerland's financial markets supervisor said on Wednesday it had approved the country's first fund that invests primarily in crypto assets.
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The Crypto Market Index Fund is restricted to qualified investors and categorised under "other funds for alternative investments" with particular risks, the Swiss Financial Market Supervisory Authority (FINMA) said in a statement.
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