Dubai finance watchdog approves listing of Bitcoin fund -Breaking
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© Reuters. QBTCu.TO is a closed end investment vehicle based in Canada. It has been approved by Dubai Financial Services Authority (DFSA). On June 23, 2021 the fund was listed on Nasdaq and it became the first digital asset fund to be listed in the Middle East.
The fund’s goal is to provide investors with exposure to Bitcoin (BTC() as well as the daily Bitcoin price movements in US dollars and long-term capital appreciation. This fund invests in Bitcoin as well as U.S. dollars-denominated money markets instruments.
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