3iQ – one of the top-tier crypto asset management entities in Canada – is reportedly widening its scope to cover international investors, via its Bitcoin (BTC) fund public listing across a Middle East-based market. 

Specifically, following the regulatory greenlight obtained for conducting dual listing, 3iQ reportedly began supporting trading for its Bitcoin Fund on Nasdaq Dubai, which went live on June 23rd at 10:00 a.m. Dubai time.

The new listing reportedly became a milestone of the first indexed virtual asset-centric fund in the Middle East, as revealed by 3iQ chairman and current Head, Frederick Pye. 

Pye further shared his optimism regarding the price value of Bitcoin, casting predictions that the coin would achieve a record-breaking high this year. 

“I believe that, whether it happens this year, Bitcoin is going to get to a new all-time-high. Yesterday’s Bitcoin closed at $32,000-a-unit and this morning it opened up at $34,000, so we got about a five percent boom in the price of Bitcoin since yesterday. Hopefully we’re going to get a good move on the first day of the Dubai Nasdaq.”

The regulatory go-ahead was reportedly obtained by 3iQ, regarding a dual listing of the Bitcoin Fund on Nasdaq Dubai, in April this year, with plans down the pipeline to begin trading in the second quarter. 

Pye additionally disclosed that discussions have also been held with a variety of exchanges in Singapore, Taiwan, Sweden and the US, for the listing of the fund. 

3iQ is reportedly among the largest crypto entities throughout the Canadian crypto sphere, and has also become the first crypto fund under the regulation of the Ontario Securities Commission and the Canadian Securities Administrators in January 2018.