Bahrain’s National Bank Launches Pioneering Bitcoin Investment Fund
07.10.2024 18:00 1 min. read Alexander Stefanov
Many countries around the globe are beginning to show interest in crypto and Bitcoin-related investment products.
Just recently, the National Bank of Bahrain (NBB) has announced a collaboration with APR Digital to roll out the GCC’s inaugural Bitcoin-linked structured investment fund.
This initiative aims to provide accredited investors with direct exposure to Bitcoin, reinforcing the country’s commitment to enhancing cryptocurrency adoption. Currently, Bahrain is recognized as one of the nations with significant Bitcoin holdings.
This new investment fund is a pioneering effort in the GCC region, which includes Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates.
Hisham AlKurdi, NBB’s Group Chief Executive for Markets & Client Solutions, expressed enthusiasm about this structured investment, highlighting its blend of digital asset exposure and capital protection.
He stated that the product exemplifies the bank’s dedication to delivering innovative and secure investment options for wealth management clients.
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