Nasdaq Dubai to list Middle East’s first Bitcoin Fund

Nasdaq Dubai to list Middle East’s first Bitcoin Fund

The first-ever Bitcoin-focused fund in the Middle East region will be listed on Nasdaq Dubai, its promoter said.Canadian digital asset management firm 3iQ's chairman and CEO Frederick Pye said they have received regulatory approval for the listing of the Bitcoin Fund on the Dubai bourse.The company is likely to start trading on Nasdaq Dubai in the second quarter. It also aims to list the fund on exchanges in Singapore, Taiwan, Sweden and the US.The Dubai-based alternative investment firm Dalma Capital has been named 3iQ's syndicate manager for the funds in the Middle East.Corporate finance advisor 01 Capital and investment firm Razlin Capital, both London-based, advised on the listing and Pinsent Masons were legal counsel for the listing process.Comments Read Next5 days agoBitcoin approaches $65,000December 16, 2020Bitcoin above $20,000 for first timeJuly 16, 2020High-profile Twitter accounts hacked in cryptocurrency scamJanuary 30, 2019Oman: 3 Men Rob 3,000 Bitcoins, AED6 Million & Other ValuablesFebruary 6, 2018Kuwait investors lose millions in BitcoinJanuary 25, 2018UAE: Pay your grocery, cleaner in cryptocurrenciesJanuary 23, 2018New UAE-based cryptocurrency exchange launchedJanuary 18, 2018Kuwait is another example why Bitcoin's future in the region is threatenedJanuary 17, 2018Bitcoin – Gold or Tulip?January 1, 2018Bitcoin millionaire, 19, wants to build ‘world's