21Shares Launches Bitcoin ETP in Middle East

21Shares has launched a physical Bitcoin ETP in the Middle East that is set to be listed on the Nasdaq Dubai. 21Shares has continued to expand globally, and its newly formed parent company recently raised $25 million at a $2 billion valuation. The firm now offers over 46 products listed across 12 exchanges in seven different countries. "The UAE and Gulf Cooperation Council, is a market of significant strategic importance to our business, and we are excited about the opportunity this market opens to us," Sherif El-Haddad, who joined the firm in August as Middle East head, said in a statement.