Bitcoin

AI take

Switzerland's FINMA approved the country's first retail spot bitcoin ETF, a listed-access overlay sitting on top of Monday's US spot-product creations -- the largest daily inflow in nearly a month and led by BlackRock's IBIT. That bid did not hold the tape, as South Korea's Kospi sold off on AI-spending worries and Deribit puts outtraded calls, a sign options desks want downside protection even after the ETF print. Mt Gox separately pushed remaining creditor repayments out to October 2027, removing a near-term supply overhang from the float. Watch whether dedicated products keep creating, how chip-and-risk appetite behaves after SpaceX and Netflix report, and the October 27-28 FOMC.

Scheduled take · 2026-10-20T15:10:02Z

• The Block -- Swiss regulator FINMA approves first retail bitcoin ETF