Crypto investment product issuer 21Shares has listed the Middle East’s first physically-backed Bitcoin (BTC) exchange-traded product (ETP) on Nasdaq Dubai.
21Shares October 12 In a press release on ABTC announced that it was listed on Nasdaq Dubai with the code. The company is with ABTC’s European counterpart same way stated that it was processed.
After Dubai listing seven released in the country 46 21Shares, which owns the product, went through a funding round last month. 25 million by collecting dollars, this is itself the Swiss biggest crypto unicorn claimed he did.
21Shares Middle East Manager, Sharif Al-Haddad, the company’s moves successful that cryptocurrencies are for investors and asset managers in the future. existence of the future He said he has become.
UAE from other Arab countries more stating that he has invested in cryptocurrencies 21Shares parent company 21.coCEO of Rashwanabout ABTC 1:1 that it holds Bitcoin collateral at the rate of offline explained that it was kept in a wallet.