On Wednesday, cryptocurrency investment firm 21.co announced that its subsidiary 21Shares AG had listed a bitcoin exchange-traded product on Nasdaq Dubai, making it the Middle East’s first physically-backed bitcoin ETP. The 21Shares Bitcoin ETP trades under the ticker ABTC, just like the 21Shares Bitcoin ETP in Europe, according to a statement from 21.co. 21Shares now has 46 listed products in seven countries, according to 21.co. Swiss-based 21.co raised $25 million in a funding round valued at $2 billion last month, claiming to be “Switzerland’s largest crypto unicorn.”
