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Canada’s largest digital-asset investment fund manager 3iQ Corp. is hoping to raise more than $200 million by listing its Bitcoin exchange-traded fund in Dubai, according to its chief executive officer.

The intent of listing on the Nasdaq Dubai exchange is to get trading at all hours around the globe, said CEO Fred Pye. “We trade on the North American market times and Dubai is almost perfectly opposite of what our trading hours are,” he told Bloomberg TV.

3iQ was founded in 2012 and has about $1.5 billion in assets. Its 3iQ Coinshares Bitcoin ETF, which listed on the Toronto Stock Exchange last year, is now set to become the first cryptocurrency fund to go public in the Middle East.

(Excerpt) Read more Here | 2021-04-22 02:09:32
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