Crypto investment product firm 21Shares has launched a physical bitcoin exchange-traded-product in the Middle East that is set to be listed on the Nasdaq Dubai.recently raised $25 million at a $2 billion valuation“The UAE, and broader [Gulf Cooperation Council], is a market of significant strategic importance to our business, and we are excited about the opportunity this market opens to us,” Sherif El-Haddad, who joined the firm in August as Middle East head, said in a statement.on Nasdaq Dubai.
Dubai has major plans for its digital economy. Its Dubai Metaverse Strategy, which launched recently, aims to attract more than 1,000 blockchain and metaverse companies to the city as well as support more than 40,000 virtual jobs by 2030.from Dubai's Virtual Asset Regulatory Authority to offer a range of crypto-related services in the city.
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