Canadian asset management firm 3iQ has received clearance from regulators to bring its Bitcoin Fund to Nasdaq Dubai, per Reuters.
The Bitcoin Fund, which was listed on the Toronto Stock Exchange last year, will be the first indexed cryptocurrency fund the Middle East has seen. It holds approximately $1.5 billion in assets under management, and according to a Reuters interview with 3iQ chairman and CEO, Frederick Pye, it plans to double this figure next year.
“The idea is Bitcoin trades 24 hours a day, so our interest is to bring a regulated product to the Dubai market in their time hours,” Pye said.
When will 3iQ’s Bitcoin Fund appear on Nasdaq Dubai?
Per Reuters, the 3iQ Bitcoin Fund is expected to start trading on Nasdaq Dubai in the second quarter of 2021.
What’s more, the asset management firm is already in talks with exchanges in Singapore, Taiwan, Sweden, and the United States to list the 3iQ Bitcoin Fund in those jurisdictions. The aim is to offer customers acce
Źródło: https://decrypt.co/68459/3iq-gets-green-light-for-middle-easts-first-nasdaq-dubai-bitcoin-fund
