Just In: National Bank Of Bahrain Launches Bitcoin Investment Fund

The National Bank of Bahrain (NBB) has partnered with APR Digital to launch the Gulf Cooperation Council’s (GCC) first Bitcoin-linked Structured investment. This fund will provide accredited investors exposure to the flagship crypto. Meanwhile, this is a huge boost to Bitcoin adoption in the country, with Bahrain currently one of the countries with the largest BTC holding.

National Bank Of Bahrain Launches Bitcoin Fund

The NBB has launched the first Bitcoin investment fund in the GCC region, which consists of countries like Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates, alongside Bahrain. According to the IBS intelligence report, the investment fund is designed to provide accredited investors with Bitcoin (BTC) exposure, providing a hedge against the devaluation of fiat currencies.

Speaking on this development, Hisham AlKurdi, Group Chief Executive, Markets & Client Solutions at the National Bank of Bahrain, said,

We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection. This product underscores our focus on offering our wealth management clients innovative and secure avenues to diversify their portfolios in an evolving investment landscape. It is a testament to NBB’s continued leadership in financial innovation within the region.

The launch of this Bitcoin investment fund aligns with the National Bank of Bahrain’s plans to increase its offerings to its wealth clients, especially investment offerings that boast a lot of growth potential. The Bank recognizes Bitcoin’s potential to grow and become the most valued currency worldwide.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.