{"id":41081,"date":"2021-04-20T15:01:15","date_gmt":"2021-04-20T12:01:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41081"},"modified":"2025-08-30T17:09:27","modified_gmt":"2025-08-30T14:09:27","slug":"canadian-firm-3iq-to-launch-bitcoin-fund-on-nasdaq-dubai","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/canadian-firm-3iq-to-launch-bitcoin-fund-on-nasdaq-dubai\/","title":{"rendered":"Canadian firm 3iQ to launch Bitcoin fund on Nasdaq Dubai"},"content":{"rendered":"<p>Asset-management firm 3iQ has received regulatory approval to launch a bitcoin fund listed on Nasdaq Dubai. <a href=\\\"https:\/\/www.reuters.com\/world\/middle-east\/canadas-3iq-bring-middle-easts-first-listed-crypto-fund-nasdaq-dubai-2021-04-20\/\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Reuters<\/a> reports.<\/p>\n<p><!--more--><\/p>\n<p>Bitcoin Fund (QBTCu.TO), also listed on the Toronto Stock Exchange, will be the first crypto-based index financial instrument listed in the Middle East.<\/p>\n<p>3iQ Chief Frederik Pai noted that assets under management of the fund stand at about $1.5 billion. The company plans to double this figure in 2022.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p><em>The idea is that Bitcoin trades 24 hours a day, so we are interested in bringing a regulated product to the Dubai market during its working hours, \u2014 Pai stressed.<\/em><\/p>\n<\/blockquote>\n<p>The listing of the new instrument on Nasdaq Dubai is expected in the second quarter.<\/p>\n<p>The firm is also in talks with exchanges in Singapore, Taiwan, Sweden and the United States to include the 3iQ Bitcoin Fund on the listings of platforms in those jurisdictions.<\/p>\n<p>Earlier in Canada, <a href=\"https:\/\/forklog.com\/en\/news\/canada-approves-3iq-coinshares-bitcoin-etf\">approved a bitcoin ETF<\/a> by 3iQ Corp and CoinShares.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/twitter.com\/ForkLog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">Twitter<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>3iQ has received regulatory approval to launch a bitcoin fund listed on Nasdaq Dubai.<\/p>\n","protected":false},"author":1,"featured_media":41082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1597,272,1156,768,1211],"class_list":["post-41081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-3iq","tag-dubai","tag-institutional-investors-and-whales","tag-nasdaq","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41081"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41081\/revisions"}],"predecessor-version":[{"id":41083,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41081\/revisions\/41083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41082"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}