3IQ Corp, the company behind a $1.45 billion Bitcoin Fund listed on the Toronto Stock Exchange (TSX), is gearing up to list it on Nasdaq Dubai, local outlet The National reported yesterday.
“We’re aiming for listing in the second or third week of May and trading by the end of May. Listing the fund on a Middle East exchange will also help in terms of trading times, as Bitcoin trades for 24 hours a day, seven days a week,” said Frederick Pye, chairman, and CEO of 3IQ.
Per the report, the fund is expected to be listed in Dubai before the end of Q2 2021 after it gets approved by Dubai Financial Services Authority.
