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Crypto firm 21Shares lists bitcoin ETP

On Wednesday,’s affiliate 21Shares AG registered the Middle East’s first physically-backed bitcoin ETP on Nasdaq Dubai. said that the 21Shares Bitcoin ETP in Europe trades under the ticker ABTC.

Dubai wants to become a worldwide cryptocurrency centre, and Binance, which embarked on a hiring binge in the UAE this year, is helping create the Middle East commercial hub’s virtual assets rules., “Switzerland’s biggest crypto unicorn,” raised $25 million last month to value itself at $2 billion.


In August, 21Shares Middle East president Sherif El-Haddad said cryptocurrencies were becoming the asset of the future for investors and wealth managers worldwide.

Last week, blockchain researcher Chainalysis reported that the Middle East and North Africa had the fastest-growing cryptocurrency market, with 48% growth in crypto volume from June to June.

“We will continue to assist the Middle East’s goals to become a worldwide crypto powerhouse,” stated 21Shares CEO and co-founder Hany Rashwan.

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