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Bitcoin Fund worth $200M gets green light from Dubai’s FSA
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Dubai authorities continue to drive more adoption into the cryptocurrency industry by pushing more regulatory approvals. Just recently, the Dubai World Trade Centre Authority (DWTCA) partnered with the UAE’s Securities and Commodities Authority (SCA) to support the regulation and trading of crypto-assets. Of late, a lot of tailwinds originating from this region have triggered significant bullish developments.
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. The fund debuted on Nasdaq on 23 June 2021 and became the first listed digital asset fund in the Middle East.
Following the same, it is now in a position to
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