3iQ Corp, Canada’s largest digital asset investment fund manager, has officially listed The Bitcoin Fund on Nasdaq Dubai, the region’s international exchange.

The regulated Bitcoin-based exchange traded product is the first Mena listed digital asset-based fund.

Managed by 3iQ, the Fund offers investors an indirect exposure to Bitcoin by trading its units within a world-class regulated and transparent exchange environment as well as the opportunity for long-term capital appreciation through a convenient alternative to a direct investment in the crypto currency.

To celebrate the listing, Frederick Pye, Chairman and CEO of 3iQ Corp. rang the Nasdaq Dubai market opening bell in the presence of Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, as well as other senior representatives of 3iQ and its advisory firms.

“Our expansion into the Middle East is now official as The Bitcoin Fund has been listed on Nasdaq Dubai as of today. When we launched the Fund in Toronto last year, an expansion into the Middle East was always in the plans and we are extremely proud to have achieved that milestone here today in Dubai. We believe that The Bitcoin Fund is poised to offer tremendous value to regional investors looking to diversify their portfolio with this asset class through a regulated listing,” said Frederick Pye.

The dual-listing of the Fund enables investors to transfer their units from the Toronto Stock Exchange to Nasdaq Dubai (and vice versa) as well as to acquire units directly on Nasdaq Dubai.3iQhas appointed Dalma Capital and Canaccord Genuity as the joint-lead arrangers for the regional offering of the Fund (subject to regulatory approval). BHM Capital has also been appointed as the Fund’s Liquidity Provider.

Abdul Wahed Al Fahim, Chairman of Nasdaq Dubai, said: “Nasdaq Dubai, a leader in capital market transformation in the MENA region, -is committed to maintaining the highest international standards and best practices for the benefit of market participants. We are confident that our all-inclusive exchange environment places us in an excellent position to attract further listings, whether they are traditional capital markets issuances or alternative investment vehicles.”

Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of DFM, said: “We are delighted that 3iQ has chosen the robust regulatory framework and enhanced regulations and infrastructure of Nasdaq Dubai as the listing venue for its Bitcoin Fund. This significant step is a push forward for Dubai’s relentless efforts to meet and exceed the evolving needs and requirements of investors, who are looking for seamless accessibility to this new asset class as well as to diversify investment opportunities for investors in the UAE and beyond.” – TradeArabia News Service