On October 20, 2026, Switzerland's financial regulator FINMA approved the country's first spot Bitcoin ETF open to retail investors. BIT Asset Management AG, a Swiss subsidiary of crypto exchange BIT, announced that its Bitcoin Fund ETF (BBIT) received the approval and is expected to begin trading on the SIX Swiss Exchange in November 2026. It is currently Europe's only spot bitcoin ETF.
FINMA granted an exemption from standard risk-diversification rules because Bitcoin has a long trading history and particularly high trading volume compared with other cryptocurrencies. The regulator cited growing interest in crypto investments and said other fund providers have also submitted or announced Bitcoin ETF applications. FINMA emphasized that the approval does not reduce Bitcoin's risk, warning that investors could lose a significant portion of their money due to volatility.
Switzerland's financial regulator FINMA approved the country's first spot Bitcoin ETF open to retail investors on October 20, 2026. BIT Asset Management's Bitcoin Fund ETF (BBIT) is expected to begin trading on the SIX Swiss Exchange in November.
ATrading Syndicates posted that BlackRock's IBIT pulled in six hundred sixty-five million dollars in a single day.
BThat would be its biggest daily inflow since October 2025.
AI checked. Nobody else has that number. Not BlackRock, not the data providers.
BSo treat it as a claim, not a fact.
AThe account says institutions are buying while retail panics. Maybe, but the six hundred sixty-five million isn't confirmed.
BBlackRock's ETF has had huge days before, so it's not implausible. But plausible isn't real.
AAnd there's a reason to be careful: engagement accounts love a giant round number.
BDifferent energy entirely — have you seen what's happening over on Bluesky?
BKetan Joshi compared generative AI to driving a Hummer to buy groceries or paying with Bitcoin.
AThe argument: it's not a necessity, it's a guilty convenience.
BAnd he said 'cheating is tempting', which I think is the most honest version of this debate I've read all week.
AHe's right that the energy use is real. A single AI query can use way more power than a regular search.
BBut the Hummer comparison is a choice. People use AI because it genuinely saves hours of work.
ADoes it? Or does it save minutes while burning kilowatts?
BOh, come on. A writer using AI to outline a report isn't the same as driving a tank to the shops.
AThe emissions are real either way.
BEverything has emissions! The internet, air conditioning, the screen you're reading on.
AThe scale is different. These data centers are drawing power like small cities.
BAnd we should build nuclear and clean power to match. The technology isn't going away.
AI'm not saying it should. I'm saying the energy cost is something people should actually see.
BFine. Transparency is good. But calling it 'cheating' is just moral panic.
AOne more from Bluesky, and this one's just a laugh. Conor Sewell says 'Liz Truss's Bitcoin Spaceport' would slap as a band name.
BIt genuinely would. Sounds like a synthwave act from 2016.
AAnd Stephen Bush piled on: 'What's not realistic about New Labour's founders admitting they ruined Britain as the USS Bitcoin heads to Mars?'
BBritish political Twitter has been on one lately.
AIt's Bluesky, but the energy's the same. They're making fun of the whole Westminster-and-crypto crossover.
BI'd buy the first album. Call it 'Quantitative Easing'.
AWe'll put it on the playlist right after the Fed minutes.