Canada's 3iQ to bring Middle East's first listed crypto fund to Nasdaq Dubai | Reuters
Canadian digital asset management firm 3iQ has received regulatory clearance for a dual listing of the Bitcoin Fund on Nasdaq Dubai, making it the Middle East’s first indexed cryptocurrency digital asset-based fund, 3iQ’s chief executive said.
The Bitcoin Fund, which was listed on the Toronto Stock Exchange last year, has roughly $1.5 billion in assets under management and plans to manage double that next year, Frederick Pye, chairman and CEO of 3iQ, told Reuters in an interview.
“The idea is bitcoin trades 24 hours a day ... so our interest is to bring a regulated product to the Dubai market in their time hours,” Pye said.
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