21Shares cross-lists world’s first physically-backed Bitcoin ETP on Nasdaq Dubai

21Shares cross-lists world’s first physically-backed Bitcoin ETP on Nasdaq Dubai

DUBAI, UAE – 21Shares AG (“21Shares”), part of parent company, 21.co, and the world’s largest issuer of cryptocurrency exchange traded products (ETPs), today announced its launch in the Middle East – introducing the first physically-backed bitcoin ETP in the Middle East with the listing of 21Shares Bitcoin ETP (Ticker: ABTC) on Nasdaq Dubai. This marks 21Shares' first entry into the Middle East – a key region on the company’s global roadmap.

The 21Shares Bitcoin ETP is listed on Nasdaq Dubai, accompanied by a bell ringing ceremony, the region’s international exchange, and trades in the same way as the 21Shares Bitcoin ETP in Europe. With the addition of Nasdaq Dubai, 21Shares lists over 46 products across 12 exchanges in 9 countries.

“Our expansion into the UAE is a major milestone in 21Shares’ international growth plans. Coming from the Middle East myself, the region is exceptionally important to me and, as a company, we are committed to providing regional investors with safe and secure access to cryptocurrency-backed products,” said Hany Rashwan, CEO and co-founder of 21Shares. “Our partners Nasdaq Dubai and Dubai Financial Market share our vision to provide investors with access to new and exciting asset classes. 21Shares will continue to support the