“Bitcoin” gets approval to list the trading program on Nasdaq Dubai

Abu Dhabi – Mubasher: The “Bitcoin Fund”, the first listed digital asset fund in the Middle East, has received approval from the Financial Services Authority to list the market price trading program on Nasdaq Dubai“.

The Bitcoin fund can list units worth up to $200 million on Nasdaq Dubai, which has the potential to meet the growing demand from regional institutional investors, according to a press release.

Frederic Bay, Chairman and CEO of 3Q, said that the price of the cryptocurrency was around $33,000 when it was launched in the Middle East, which from an investor’s point of view is a great moment to enter the market for our Middle Eastern investors..

He added that the trading of the Bitcoin Fund is completely changeable between the Toronto Stock Exchange and Nasdaq Dubai, which implies equal value between assets, and as a listed fund, it allows investors to easily buy and sell and provide easy access to them..

Frederic Bay explained that the Bitcoin Fund will also be available to all investors, from institutional or retail grades.

It is reported that the Bitcoin Fund was launched on the Toronto Stock Exchange in 2020 as the world’s first major regulated and publicly listed Bitcoin Fund..

Last June, the Canadian digital asset management company, ThreeQ, announced the official listing of its “Bitcoin” fund on Nasdaq Dubai, under the trading symbol.” QBTC”.


Gulf countries are looking to support reinsurance companies

These were the details of the news “Bitcoin” gets approval to list the trading program on Nasdaq Dubai for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at saudi24news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

PREV APICORP names Khalid bin Ali Al-Ruwaigh as new CEO
NEXT No grain supply crisis in Saudi Arabia, SAGO deputy governor says 

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]