21Shares Will List Bitcoin ETP In Dubai!

One of the largest crypto money issuers in the world markets 21Sharesmade its first move in the Middle East market.

21Shares is a physically backed exchange on the Nasdaq Dubai stock exchange of the United Arab Emirates. bitcoin Initiated the ETP. With this initiative, the first spot-based Bitcoin ETP in the Middle East was opened for trading. With the new Bitcoin ETP, Dubai citizens will be able to make their Bitcoin investments comfortably.

Hany Rashwan, CEO of 21Shares, made the following statement regarding the Dubai initiative:

“Our move in the United Arab Emirates region marked an important milestone for 21Shares company’s worldwide recognition. Regional investors will be able to invest in crypto more conveniently and securely with our new Bitcoin ETP product.”

Nasdaq Dubai CEO Hamed Ali welcomed 21Shares’ initiative. Ali, “The fact that 21Shares chose the Nasdaq Dubai stock market shows the importance our country attaches to technology and innovation” said.

USA lags behind in Bitcoin Mutual Funds!

While spot Bitcoin ETF listings come one after another, especially in countries such as Canada, Sweden, Brazil and Germany, the USA still maintains its tough stance on this issue.

The U.S. Securities and Exchange Commission (SEC) rejects spot-based Bitcoin ETF applications almost within days. The SEC recently quickly rejected WisdomTree’s second application for a spot-based Bitcoin ETF.