21Shares lists physical bitcoin ETP on Nasdaq Dubai

Switzerland-based crypto asset manager 21Shares has expanded its range of bitcoin ETPs to the Mena market.

The 21Shares Bitcoin fund is listed on the Nasdaq Dubai exchange under the ticker ABTC.

According to the firm, it is the first physically-backed crypto fund to be launched in the region.

The fund launch comes just weeks after 21Shares appointed Sherif El-Haddad as head of Middle East.

“Cryptocurrencies are fast becoming the asset of the future for investors and wealth managers around the world, as global crypto adoption and investment levels continue to accelerate at pace – and the Middle East is a major accelerator of this growth,” said El-Haddad. 

Meanwhile, Nasdaq Dubai CEO Hamed Ali, hailed the launch as an endorsement of Dubai’s crypto-friendly approach.

“Streamlining investors’ access to diversified asset classes is a key pillar in Nasdaq Dubai’s endeavour to attract further investments and stimulate active engagement from various market participants,” said Ali.

©2022 funds global mena

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