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First Bitcoin Investment Fund Launched By National Bank Of Bahrain Bitcoinist 08 Oct 2024

First Bitcoin Investment Fund Launched By National Bank Of Bahrain 🏦

The National Bank of Bahrain (NBB) has announced the launch of its first Bitcoin-linked structured investment fund. This initiative marks a significant step by the bank into the realm of digital assets, showcasing its forward-thinking approach in the evolving financial sector.

Developed in collaboration with ARP Digital, a noted digital asset firm, the investment fund is tailored specifically for institutional investors. It seeks to attract interest from the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the UAE.

The fund’s creation highlights a growing recognition of Bitcoin and its investment potential within traditional banking sectors in the Middle East, offering innovative financial products to meet evolving market demands.

Source: bitcoinist.com ↗