UAE - Mubasher: Canada's 3iQ Digital Asset Management has listed on Wednesday The Bitcoin Fund on Nasdaq Dubai to become the Middle East’s first listed cryptocurrency digital asset-based fund.
The Dubai Financial Services Authority (DFSA) has notified Nasdaq Dubai that 11.631 million Class A Units, issued by The Bitcoin Fund, have been admitted to the official list of securities of the DFSA, according to a bourse filing on Wednesday.
The Bitcoin Fund was launched on the Toronto Stock Exchange in 2020 as the world’s first regulated and major exchange-listed bitcoin fund.
It is noteworthy to mention that in April 2021, 3iQ Digital Asset Management received regulatory clearance from the Dubai Financial Services Authority to list the Bitcoin Fund on Nasdaq Dubai in the second quarter (Q2) of 2021.
