As an experienced investor with a keen eye for emerging opportunities, this news about the Bitcoin-linked structured investment fund launched by the National Bank of Bahrain (NBB) has certainly piqued my interest. Having navigated through the volatile crypto market, I’ve always been on the lookout for products that offer a balance between growth potential and risk mitigation.
In a groundbreaking move, The National Bank of Bahrain (NBB) introduced the first structured investment fund linked to Bitcoin within the Gulf Cooperation Council (GCC) region. This innovative opportunity is available for both institutional and accredited investors.
This item has been jointly created with ARP Digital, offering a safe route for investors to profit from the rising value of Bitcoin.
The Bitcoin Investment Fund
Based on news sources within our community, this specific investment fund has a set limit (a predefined threshold) and presents an exclusive advantage for qualified investors to capitalize on Bitcoin’s rising value trends.
This design offers investors a chance to capitalize on Bitcoin’s upward trends, all while being fully shielded from losses during market dips. Essentially, it acts as a safety measure to mitigate the usual price fluctuations that are common among digital assets.
Hisham AlKurdi, as head of Markets & Client Solutions at NBB, took great satisfaction in unveiling, “We take great pride in presenting this custom-made investment structure. This unique product combines the allure of investing in digital assets with the reassurance of capital protection.
Under this fresh approach, NBB is aiming to strengthen its financial management services by creating customized options that strike a balance between growth opportunities and risk minimization, in line with their strategic plan. This action follows the increasing interest in investment tools that offer access to digital assets, ensuring complete investor protection from market volatility.
Abdulla Kanoo, one of ARP Digital’s co-founders, emphasized the significance of their partnership. He noted that this collaboration could revolutionize the regional market. By merging their digital asset expertise with NBB’s extensive financial network, they have crafted a product that provides Bitcoin exposure within a robustly secure environment.
Bahrain’s Expanding Crypto Ecosystem
Dalal Buhejji, Business Development Executive for Financial Services at the Bahrain Economic Development Board, stated, “The debut of this Bitcoin-connected investment product demonstrates the genuine power of Bahrain’s resilient financial services infrastructure, offering an appealing and efficient platform for creative ideas.
Bahrain has been successfully drawing in more digital asset businesses because it is working hard to establish an environment that encourages innovation within the crypto and fintech sectors. As Eric Anziani, COO of Crypto.com, explains, this involves setting up clear regulations that find a balance between ensuring consumer safety and promoting commercial growth.
In September, our company obtained a license from the Bahrain Central Bank, placing us among other cryptocurrency trading platforms such as BitOasis and Binance, which began local operations in March 2022.
According to a fresh analysis by Chainalysis, it was found that the Middle East and North Africa contributed approximately 7.5% or around $338.7 billion to global cryptocurrency transaction activity from July 2023 to June 2024.
The majority of these transactions are primarily influenced by institutional and business investors. Although centralized exchanges continue to serve as the main entry point for cryptocurrency investments in the MENA region, there’s a steady increase in curiosity towards decentralized trading platforms and DeFi solutions.
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2024-10-08 22:08