BHM Capital Financial Services PSC (formerly known as BH Mubasher), one of the leading companies in the UAE financial markets, has been appointed as a Liquidity Provider for the newly listed ‘The Bitcoin Fund’ of Canada’s 3iQ in Dubai. The world’s first regulated Bitcoin fund has been listed on the Nasdaq Dubai under the trading symbol: QBTC.
BHM Capital will provide liquidity for the Fund including continuous bid and offer prices on the exchange, to allow investors to trade units directly on Nasdaq Dubai. In addition BHM Capital can facilitate the transfer of units from the Toronto Stock Exchange to Nasdaq Dubai and vice versa. The Bitcoin Fund has the advantage of dual listing on two stock exchanges in Canada and the UAE.
Hamed Ali, CEO of Nasdaq Dubai and Deputy CEO of the Dubai Financial Market, stressed that the selection of Nasdaq Dubai as a listing exchange in the region by a company with assets under management exceeding C$2.5 billion, reflects the growing interest from global companies to take advantage of Dubai’s world-class regulatory environment that supports the growth of Dubai.
On his part, Frederick Pye, Chairman and CEO of 3iQ Corp, expressed his happiness with the listing of the world’s first major regulated Bitcoin fund on Nasdaq Dubai, and stressed that BHM Capital’s provision of liquidity to the Fund will provide wider and easier options for those wishing to invest.
Abdul Hadi Al Sadi, CEO of BHM Capital, thanked the management of Nasdaq Dubai and 3iQ for their confidence in BHM Capital’s ability to be the Fund’s first leading provider of liquidity, giving investors in the region a greater ability to diversify their investment portfolios, and enter the cryptocurrency market. “This market is witnessing an increasing demand by individuals, companies and institutions around the world, and this step will give the company an opportunity to continue providing its distinguished services to investors, with many years of experience in the domestic financial market and the markets of the region”
Investors wishing to find more information about The Bitcoin Fund can visit the Nasdaq Dubai website www.nasdaqdubai.com or the 3iQ website www.3iq.ae or BHM Capital’s website bhmuae.ae.
