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DUBAI: First Cryptocurrency fund to go public In the Middle East Rises on First Day
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@known.prince
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3iQ’s Bitcoin shares rose by 10% on the first day of going public. The organization received regulatory clearance for listing in April. The ETF is been traded under the ticker symbol QBTC. Frederick Pye is the chairman and CEO of 3iQ.
After launching in 2020 and appointing Dubai based Dalma Capital Management as the syndicate manager, it became the first cryptocurrency fund to go public in the Middle East. It’s also a Canadian digital asset management firm. The bitcoin fund was listed on Toronto stock exchange last year and is managing roughly $1.5 billion in assets.
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