Dubai – Mubasher: BHM Capital Financial Services, formerly known as BH Mubasher Financial Services, has been appointed as a liquidity provider for the newly listed 'The Bitcoin Fund' of Canada’s 3iQ Digital Asset Management on Nasdaq Dubai.
BHM Capital will offer liquidity for the Fund, including continuous bid and offer prices on the exchange, to allow investors to trade units directly on Nasdaq Dubai, according to a press release on Monday.
The Bitcoin Fund is dually listed on two stock exchanges in Canada and the UAE; hence, BHM Capital can facilitate the transfer of units from the Toronto Stock Exchange to Nasdaq Dubai and vice versa.
The CEO of BHM Capital, Abdul Hadi Al Sadi, said: "This market is witnessing an increasing demand by individuals, companies, and institutions around the world, and this step will give the company an opportunity to continue providing its distinguished services to investors, with many years of experience in the domestic financial market and the markets of the region."
It is noteworthy to mention that on Wednesday, 23 June, Canada's 3iQ Digital Asset Management listed The Bitcoin Fund on Nasdaq Dubai to become the Middle East’s first listed cryptocurrency digital asset-based fund.
