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  • 24-06-21

    Bitcoin on Nasdaq Dubai becomes ME’s first listed cryptocurrency fund

    (MENAFN)The Bitcoin Fund debuted on the Nasdaq Dubai, turning into the Middle East’s first listed cryptocurrency fund.

    The fund that was listed by Canadian digital asset management firm 3iQ on the Toronto Stock Exchange last year stood at USD1.5 billion in assets under management and plans to increase in 2022.

    Reuters quoted Frederick Pye, the chief executive officer of 3iQ as saying that “With the listing of the Bitcoin Fund, it’s going to give people access in the region to this fund on the Dubai exchange in the hours that the Dubai exchange trades at.”

    Pye further declared that “If the volumes are significant, we’ll be looking to raise capital to increase the size of the Bitcoin Fund here in Dubai and we will continue to issue shares based on the demand that comes from the region.”

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