“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”.

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