21Shares Launches Physical Bitcoin ETP in UAE on Nasdaq Dubai
21Shares Expands Bitcoin Investment Opportunities in UAE
21Shares, a leading provider of cryptocurrency exchange-traded products (ETPs), has introduced a physical Bitcoin ETP in the United Arab Emirates. The new 21Shares Bitcoin ETP, trading under the ticker ABTC, is now available on the Nasdaq Dubai exchange, marking a significant milestone in the region's growing cryptocurrency market.
Key Features of the 21Shares Bitcoin ETP
The ETP is designed to track the price of Bitcoin, offering investors exposure to the cryptocurrency's performance without directly holding the asset. As a physical ETP, it is fully collateralized with Bitcoin, ensuring that each unit of ABTC represents a set amount of the cryptocurrency.
Strategic Listing on Nasdaq Dubai
By listing on Nasdaq Dubai, 21Shares aims to capitalize on the UAE's rapidly evolving financial landscape. The exchange's international reputation and regulatory framework provide a secure and transparent environment for investors to engage with cryptocurrency-based financial products.
Expanding Access to Bitcoin Investment
This launch underscores the increasing demand for Bitcoin and other digital assets in the Middle East. The 21Shares Bitcoin ETP offers a regulated and accessible way for institutional and retail investors in the UAE to gain exposure to Bitcoin's potential growth.
Significance for the Cryptocurrency Market
The introduction of this ETP highlights the growing adoption of cryptocurrencies in traditional financial markets. It also reflects 21Shares' commitment to bridging the gap between digital assets and mainstream investment products, further legitimizing Bitcoin as a viable investment option.
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