The Bitcoin Fund, the Middle East’s first listed digital asset-based fund has received approval from the Dubai Financial Services Authority (DFSA) for its At-the-Market program on Nasdaq Dubai.Rising investor demand from the Middle EastIn line with the approval of the offering, The Bitcoin Fund is now in a position to list up to $200 million worth of units on Nasdaq Dubai which … [Read more...] about $200 million ‘Bitcoin Fund’ receives approval for listing on Nasdaq Dubai
Dubai
Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund
Canada’s largest digital asset investment fund manager, 3iQ, is expanding its reach to global investors by listing its public Bitcoin (BTC) fund on a major market in the Middle East.3iQ rolled out its Bitcoin Fund (QBTC) for trading on Nasdaq Dubai, according to an official statement by the exchange. Trading went live on Wednesday at 10:00 a.m. Dubai time.The new listing marks … [Read more...] about Nasdaq Dubai rolls out trading for 3iQ’s Bitcoin Fund
DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
Dubai Multi Commodities Centre — a free trade zone established by the Dubai Government — has signed a sale and purchase agreement with REIT Development to construct a 100,000 square foot precious metals refinery.According to a DMCC release on Wednesday, the precious metal refinery and storage facility will be the largest in the Gulf Cooperation Council and will reportedly be … [Read more...] about DMCC strikes deal to build blockchain-based precious metals refinery in Dubai
A $1.45 billion Bitcoin fund is soon listing on NASDAQ Dubai
3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported today.“We’re aiming for listing in the second or third week of May and trading by the end of May. Listing the fund on a Middle East exchange will also help in terms of trading times, as Bitcoin trades … [Read more...] about A $1.45 billion Bitcoin fund is soon listing on NASDAQ Dubai
Major Dubai crypto fund to sell $750M worth of BTC to buy Cardano and Polkadot
FD7 Ventures, a Dubai-based crypto investment fund with $1 billion under management, has announced plans to sell off $750 million worth of their Bitcoin holdings in the next month. The proceeds from the sell-off will be used to purchase Cardano and Polkadot, as the fund’s managing director says he believes ADA, DOT, and ETH will be the foundation of Web 3.0.Cardano and Polkadot … [Read more...] about Major Dubai crypto fund to sell $750M worth of BTC to buy Cardano and Polkadot