Bollcoin, October 23: BIT's Swiss subsidiary BIT AM announced that it has received approval from Swiss FINMA to launch Switzerland's first and Europe's only spot Bitcoin ETF (BBIT), which is expected to list on the Swiss stock exchange in November. The ETF uses a Swiss collective investment scheme structure with separately segregated assets, and will help high-net-worth traditional capital in Switzerland and Europe allocate to crypto assets in a compliant manner. As a multi-asset platform bridging crypto finance and traditional finance, BIT has launched US and Hong Kong stock trading services this year, enabling connectivity between crypto and mainstream assets.