21Shares’ physical bitcoin exchange-traded product will list on the Nasdaq Dubai.

Crypto investment product firm 21Shares has launched a physical bitcoin exchange-traded-product (ETP) in the Middle East that is set to be listed on the Nasdaq Dubai.

“The UAE, and broader [Gulf Cooperation Council], is a market of significant strategic importance to our business,

Last year, Canadian digital-asset manager 3iQ’s bitcoin exchange-traded fund (ETF) began trading on Nasdaq Dubai.

Last month, crypto exchange Binance secured a license from Dubai's Virtual Asset Regulatory Authority to offer a range of crypto-related services in the city.

Dubai has major plans for its digital economy.

Its Dubai Metaverse Strategy, which launched recently, aims to attract more than 1,000 blockchain and metaverse companies