The Swiss Financial Market Supervisory Authority FINMA has approved the first crypto fund «Crypto Market Index Fund» according to Swiss law.

The fund tracks the performance of the 10 largest cryptocurrencies from SIX Swiss Exchange’s Crypto Market Index 10.

The fund is administered by investment management firm PvB Pernet von Ballmoos AG with custody by regulated custodian SEBA Bank AG.

finma.ch/en/news/2021/09/20210929-mm-genehmigung-schweizer-kryptofonds
cointelegraph.com/news/first-cryptocurrency-fund-approved-in-switzerland