The National Bank of Bahrain has launched a Bitcoin investment fund targeting institutional investors in the Middle East region of the Gulf Cooperation Council. This includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates.
The fund, which has been set up in partnership with ARP Digital, aims to limit investors' Bitcoin gains to a predetermined amount, while offering 100% protection against losses.
This fund offers investors a secure way to enter the digital asset market, leveraging the expertise of both organizations.
Bahrain's regulatory efforts to create an innovation-friendly environment for cryptocurrency and fintech companies have attracted more companies, according to Crypto.com COO Eric Anziani.