Dubai financial regulator has approved listing of the Canadian Bitcoin Fund
Local investors are very interested in the Fund’s offer
28.10.2021 - 11:05
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What's new? The Dubai Financial Services Authority (DFSA) has approved an application for registration of the Bitcoin Fund on the Nasdaq Dubai exchange (QBTCu.TO ). It is launched by the Canadian company 3iQ Digital Asset Management. This is reported by Trade Arabia.
News on the Trade Arabia website
What does the fund's declaration say? QBTCu strategy.TO is to buy BTC and invest in US dollar-denominated money market instruments. Trade Arabia notes the high interest in the fund's offer from local institutional and private investors.
What had happened before? As we mentioned on October 27, the DFSA created a regulatory framework for investment tokens as part of plans to stimulate the digital financial and technological environment. It defines investment tokens as tokenized securities.
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