Dubai – Mubasher: 21Shares AG has listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the first physically-backed bitcoin ETP in the Middle East, Reuters reported on Wednesday.
21Shares AG is a subsidiary of Crypto investment products firm 21.co.
The 21Shares Bitcoin ETP trades, under the ticker ABTC, just like the 21Shares Bitcoin ETP in Europe.
Dubai eyes becoming a global cryptocurrency hub and has attracted big industry players to establish shop like Binance, which is helping to shape the Middle East commercial hub's virtual assets regulations.
