The first bitcoin fund found in the Middle East

The Bitcoin Fund, a Canadian closed-end Bitcoin investment fund, has become the first of its kind in the Middle East after being listed on Nasdaq Dubai. Bloomberg. With the listing in the Middle East, the fund intends to allow its shares to be traded around the world around the clock.

According to her bulletinThe fund aims to provide unit holders exposure to bitcoin and daily bitcoin price movements in US dollars, as well as an opportunity for long-term capital appreciation. But the fund does not hedge the exposure of the US dollar to the Canadian dollar again. Furthermore, the Canadian fund applies a HODL mentality to its bitcoin funds and does not speculate on the short-term movements of the BTC/USD price.

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button