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3iQ’s Bitcoin ETF Rises on First Day of Trading on Nasdaq Dubai
The ETF, trading under the ticker symbol “QBTC,” is the first cryptocurrency fund to go public in the Middle East.
Canadian digital-asset manager 3iQ’s bitcoin exchange-traded fund (ETF) started trading on Nasdaq Dubai on Wednesday. The shares rose 10%.
- 3iQ Corp received regulatory clearance for the listing in April.
- The Bitcoin ETF is trading under the ticker symbol “QBTC.”
- It was launched in 2020 and is the first cryptocurrency fund to go public in the Middle East.
- 3iQ appointed Dubai-based Dalma Capital Management as the syndicate manager to help facilitate the listing and plans to work closely with banks in the United Arab Emirates and other lenders from the region.
- In April, 3iQ and investment firm CoinShares launched a bitcoin and ether ETF now trading on the Toronto Stock Exchange.
Read more: Canada’s 4th Ether ETF, From 3iQ and CoinShares, Begins Trading on the TSX
STORY CONTINUES BELOW
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
