The firm announced Wednesday that it had started a new bitcoin exchange-traded product (ETP) in Bahrain and Dubai called 21Shares Bitcoin ETP (ABTC).
21Shares aims to bring blockchain technology to the financial sector, offering traditional investors access to cryptocurrencies while minimizing the risks associated with alternative investments such as stocks or bonds.
The firm announced Wednesday that it had started a new bitcoin exchange-traded product (ETP) in Bahrain and Dubai called 21Shares Bitcoin ETP (ABTC).
21 Shares CEO Guido Van Rossum said they aim to make it easier for retail investors to get exposure to bitcoin while providing them with liquidity and transparency. He added that they would also provide research reports on companies that invest in cryptocurrencies and news about upcoming ICOs & Token Sales events worldwide.
The move comes as crypto assets are becoming increasingly popular among investors in Asia. According to Bloomberg data, they’ve grown from $2 billion at the beginning of 2019 to more than $500 billion today.
Conclusion
In this article, we’ve looked at the launch of 21Shares’ Bitcoin ETP in Bahrain and Dubai. We’ve also covered how the firm plans to expand its reach in these regions and reiterates some of the company’s key points about its offerings.
