Leading Crypto Exchange Traded Product (ETP) Issuer 21 shares Listed the first physically backed Bitcoin ETP on NASDAQ Dubai for the Middle East market.
21Shares has announced that its first Bitcoin ETP will trade under the ticker. ABTC on Nasdaq Dubai.
today, @21shares Proudly Enters the Middle East with the Launch of the First Physically Backed Bitcoin ETP $ABTC on Nasdaq Dubai. We are very excited to serve UAE investors! 👋🇦🇪 pic.twitter.com/KyvLmEZe26
— 21Shares (@21Shares) October 12, 2022
21Shares executive Hany Rashwan reinforces the company’s decision to bring its ETP product to Dubai, noting that the Middle East is fast becoming a cryptocurrency hotspot.
Rashwan added that his company will continue to support the Middle East and aim to become a global crypto hub.
Recent Linkage analysis The report found the Middle East and North Africa to be the fastest-growing cryptocurrency region, with trading volumes surging 48% by the end of Q2.
Sherif El-Haddad, head of 21Shares in the Middle East, asserted that the company is well-positioned to advance crypto adoption in the region.
“Cryptocurrencies are fast becoming the asset of the future for investors and wealth managers around the world. Global cryptocurrency adoption and investment levels continue to accelerate at a pace, with the Middle East becoming a major driver of this growth. It’s an accelerator,” said El Haddad.
21Shares’ newest spot, Bitcoin ETP, has been added to the company’s list of 46 ETP products listed on 12 exchanges in 7 countries.
In April, 21Shares launched its first spot Bitcoin ETF (EBTC) and Ethereum ETF (EETH) in Australia.
