The Dubai Financial Services Authority (DFSA) has green-lit the listing of Canada-based Bitcoin Fund, CoinTelegraph reported.

  • The DFSA gave its approval for the Bitcoin Fund to become the first listed digital asset fund in the Middle East, with as much as $200-million worth of units to be offered on the Nasdaq Dubai.
  • The fund is made up of a diversified portfolio of assets that have Bitcoin holdings and US dollar-denominated money market instruments, which will be listed on a regulated platform.
  • The fund will be offered to all levels of investors, from central banks to retail traders, as the DFSA seeks to cement itself as a regulator focused on new and innovative financial solutions.

Bitcoin has surged in the past four months, as it reached a record-high $66,000 this week. BTC is down 5.75%.