Bitcoin Fund gains DFSA approval for ATM program on Nasdaq Dubai

Bitcoin Fund gains DFSA approval for ATM program on Nasdaq Dubai

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

Following 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 enable the Middle East’s first listed digital asset product to be able to deliver on the growing demand from regional institutional investors.

Since June, Bitcoin has been on a price rally crossing a new all-time high of the $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, Bitcoin has seen unparalleled levels of growth and through the fund on Nasdaq Dubai, it offers regional investors once-in-a-lifetime access to the world’s largest digital asset via a regulated medium that they are familiar with.

Frederick PyeChairman & CEO3iQ

“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