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Bitcoin Fund listed on theNasdaq Dubai Wednesday as theMiddle East joins the crypto craze. - The fund was the first of its kind to be listed on a major exchange in Toronto last year.
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Bitcoin Fund has risen about 10% since listing, according to data from Nasdaq Dubai.
The Middle East has joined the crypto craze.
On Wednesday, a Canadian bitcoin fund listed on the Nasdaq Dubai exchange. The Bitcoin Fund - which was the first of its kind to be listed on a major exchange last year $4 - is the first digital asset-based fund to list in the Middle East and North Africa.
The listing "reinforces the city's position as a driving force for capital market transformation," Nasdaq Dubai said in a press release.
The fund, which listed as QBTC, has risen 10.4% since yesterday to $38.30, according to $4.
Bitcoin rebounded Wednesday to more than $34,000 after $4 for the year the day prior. The cryptocurrency was trading above $60,000 just two months ago. But has faced volatility as China has cracked down on