First Middle East Bitcoin Fund Listing on the Nasdaq Dubai Exchange Met with “Very Strong Demand”

2021-6-24 18:31

The Bitcoin Fund is listed on the Nasdaq Dubai exchange. It is the first cryptocurrency fund that trades in the Middle East.

The Fund invests in long-term holdings of Bitcoin and does not speculate on short-term changes in price as an alternative to direct investments in the cryptocurrency.

The stock closed at $38.30 on Wednesday, up 10% for the day, according to prices on the website. Zachary Cefaratti, CEO of Dubai-based Dalma Capital, which was the joint lead arranger for the offering said,

“Today's secondary listing of existing units from Canada was met with very strong demand, which has validated the need for an additional offering to satisfy the demand from regional investors.”

Last year, the Canadian fund was listed on a major exchange in Toronto, but with the Dubai listing, the intent is to get trading at all hours around the globe.

The fund has roughly $1.5 billion in assets under management and plans to double that next year.

In April, Canada’s largest digital-asset investment fund manager 3iQ Corp. said it was hoping to raise over $200 million by listing its Bitcoin exchange-traded fund in Dubai.

For this, they are looking to work closely with banks in the UAE and potential banks from other countries in the region as well. Frederick Pye, the chief executive officer of 3iQ said,

“If the volumes are significant, we'll be looking to raise capital to increase the size of the Bitcoin Fund here in Dubai, and we will continue to issue shares based on the demand that comes from the region.”

The post First Middle East Bitcoin Fund Listing on the Nasdaq Dubai Exchange Met with “Very Strong Demand” first appeared on BitcoinExchangeGuide.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Smart Investment Fund Token (SIFT) íà Currencies.ru

$ 0 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0 - H: $0
Êàïèòàëèçàöèÿ $0 Rank 99999
Äîñòóïíî / Âñåãî 0 SIFT

fund bitcoin exchange dubai cryptocurrency middle nasdaq

Èñòî÷íèê: bitcoinexchangeguide.com

fund bitcoin → Ðåçóëüòàòîâ: 126


Ôîòî:

Historic Stanford’s student-run Blyth Fund allocates 7% of its portfolio in Bitcoin

Blyth Fund, an investment fund that oversees a six-figure portion of Stanford Endowment, has dedicated 7% of its portfolio to Bitcoin (BTC). The student-run fund bought Bitcoin at $45,000. Revealing the news via his X account, the Stanford Blockchain Club leader Kole Lee said the purchase happened after he pitched to the Blyth Fund about […]

2024-3-5 14:53


Ôîòî:

Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange

The Gibraltar Stock Exchange said Tuesday that it listed a new bitcoin fund belonging to 3iQ Corp, a Canadian investment fund manager that focuses on new technologies and crypto assets. The announcement follows GSX Group’s recent launch of what it calls the Grid, “a venue to create and deploy debt securities, funds, and equities as […] The post Canadian Firm 3iQ’s Bitcoin Fund Listed on Gibraltar Stock Exchange appeared first on Bitcoin News.

2020-10-1 18:45


The Templar Fund: Meet the Transparent Bitcoin Fund That Has Earned More than 75% Return Since 2018

It is a common error to think that Bitcoin is anonymous, when in fact, Bitcoin is completely transparent. Every transaction conducted since its inception can be found on the blockchain. Thanks to a laThe post The Templar Fund: Meet the Transparent Bitcoin Fund That Has Earned More than 75% Return Since 2018 appeared first on AMBCrypto.

2020-4-7 19:00


Novogratz Hints at Galaxy Digital Launching Two New Bitcoin Funds Amidst the Market Slump

Amidst the ongoing downturn, Galaxy Digital’s chief executive officer has announced that a new Bitcoin fund is coming. While speaking to CNBC’s Squawk Box on Oct. 24, Novogratz hinted at plans to launch this fund that will allow people easy access to the flagship cryptocurrency. He explained, “It is just a Bitcoin fund that takes […]

2019-10-25 17:19


CMCC Global Launches the Liberty Bitcoin Fund, Aims to Help Accredited Crypto Investors in Asia

Hong Kong based fund management firm sets its goals on providing Bitcoin investment services including buying and custody of the pioneer cryptocurrency. On Sept 18, the venture capital group CMCC Global announced their latest single asset fund, Liberty Bitcoin Fund to enhance BTC adoption and trading amongst accredited investors. ‘Launch is Demand Driven’ Since the […]

2019-9-19 19:39


äàëüøå åùå 77 íîâîñòåé →

Ïàðòíåðû Currencies.ru

Ðåêëàìà íà Currencies.ru

Ñàìîå ñâåæåå íà Currencies.ru

Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF

Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry. The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement.

WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection

The changes will apply “certain of the substantive requirements” of the 1940 Act to offer investors “significant protections” but won't be registered under the Investment Company Act. The post WisdomTree Yet Again Amends Spot Bitcoin ETF Filing After SEC Rejection first appeared on BitcoinExchangeGuide.

Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF

The US Securities and Exchange Commission (SEC) denied WisdomTree’s application for a spot Bitcoin exchange-traded fund (ETF) this week. “The Commission concludes that BZX has not met its burden under the Exchange Act and the Commission’s Rules of Practice to demonstrate that its proposal is consistent with the requirement that the rules of a national […] The post Kryptoin’s Spot Bitcoin ETF Is Next in Line for Rejection Before Christmas, After SEC Declines WisdomTree’s ETF first appeared on BitcoinExchangeGuide.