Called Crypto Market Index Fund and developed by the Crypto Finance company, the first cryptofund gets the green light from Switzerland.

The Swiss market watchdog, Finma, authorized the fund reserved for professional investors. Finma has also set strict rules for this new instrument. It can only invest in "well-established crypto-assets (...) with a sufficiently large trading volume". Investments can only be made via platforms “having their headquarters in a member country of the Financial Action Task Force (FATF)”, an intergovernmental body bringing together 37 States, responsible for combating money laundering. In addition, according to Finma, specific risk control and reporting requirements apply to institutions involved in the management and custody of assets.