On October 27th, the Canadian closed-end investment fund The Bitcoin Fund (QBTCu.TO) has obtained regulatory approval from the Dubai Financial Services Authority (DFSA) and can be listed on Nasdaq Dubai with a value of up to US$200 million. The product.
The fund was listed on NASDAQ on June 23, 2021, becoming the first listed digital asset fund in the Middle East.
The fund’s goal is to provide investors in the fund’s stocks with exposure to Bitcoin, daily changes in Bitcoin’s dollar price, and opportunities for long-term capital appreciation.