UAE Business: Bitcoin Fund gets DFSA nod for ATM program listing – Gulf Digital News

UAE Business: Bitcoin Fund gets DFSA nod for ATM program listing – Gulf Digital News

The Bitcoin Fund, the Middle East’s first listed digital asset-based fund has received approval from the Dubai Financial Services Authority (DFSA) for its At-the-Market program on Nasdaq Dubai.



In line with the approval of the offering, the Bitcoin Fund is now in a position to list up to $200 Million worth of units on Nasdaq Dubai which will allow the Middle East’s first listed digital asset product to be able to deliver on the growing demand from regional institutional investors.



“We are extremely proud to have received the approval of the ATM program from the DFSA. Since we listed The Bitcoin Fund on the Nasdaq Dubai, we have seen an ever increasing appetite from the large regional institutional investors. With the ability to now execute significantly larger sale offerings we anticipate that this will help to further grow the fund in the region,” said Frederick Pye, Chairman and CEO, 3iQ Digital Asset Management (3iQ).



Since June, Bitcoin has been on a price rally crossing a new all-time high of $66,000 mark earlier this week. Driven primarily by a fresh round of adoption by institutions and renewed interest by retail investors, the world’s number one digital asset continues to exceed expectations.



As a digital asset,