National Bank of Bahrain launches a Bitcoin investment fund
The National Bank of Bahrain launches the GCC’s first Bitcoin investment fund. The fund offers accredited investors exposure to Bitcoin as a capital-protecting option. Bahrain ranks fifth globally in Bitcoin holdings, emphasizing its crypto-friendly stance. The National Bank of Bahrain (NBB) has made headlines with the launch of a groundbreaking investment fund aimed at providing accredited investors with exposure to Bitcoin. This initiative marks the first Bitcoin-linked structured investment in the Gulf Cooperation Council (GCC) region, which includes countries such as Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. National Bank of Bahrain collaborating with APR Digital In collaboration with APR Digital, the fund is designed to cater to the growing interest in digital assets, particularly Bitcoin. Hisham AlKurdi, Group Chief Executive of Markets & Client Solutions at NBB, in a press release, expressed pride in introducing this...