21Shares currently has 46 investment products listed on 12 stock exchanges.
21Shares has launched a Spot Bitcoin Exchange Traded Product (ETP) on Nasdaq Dubai. This is the first investment product with a physical supply of bitcoin in the Middle East.
The company’s management calls the Middle East a “cryptocurrency growth point”, pointing to the constant and rapid growth in the use of digital assets in the region. A recent report from Chainalysis suggests that it is the Middle East and North Africa that have become leaders in the growth of the cryptocurrency market.
“Cryptocurrencies are fast becoming the asset of the future for investors and wealth managers around the world. People see that the global adoption of cryptocurrencies and the amount of investments are growing faster, with the Middle East leading the way in terms of growth. The UAE and the entire region are becoming strategically important to our business. We are excited about the opportunities the market is offering for our company,” said 21Shares Director of Markets for the Middle East, Sherif El-Haddad.
In July, the company launched two new risk-controlled S&P bitcoin and ether ETPs on the Swiss SIX stock exchange.
Source: Bits
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