21shares enters the Middle East with first spot bitcoin ETP

The new spot bitcoin ETP will list and trade on Nasdaq Dubai, 21Shares said in a press release.

21Shares, a leading provider of cryptocurrency exchange traded products (ETPs), has expanded its product range to the Middle East, the company said in a press release on Wednesday.

The ETP issuer’s entry into the fast-growing Middle East market comes with the launch of 21Shares Bitcoin ETP, the region’s first physically-backed Bitcoin ETP.

21Shares continues expansion

21Shares’s new spot BTC exchange traded product will trade on Nasdaq Dubai under the ticker ABTC and will have the same chara