The National Bank of Bahrain has announced the launch of its Bitcoin investment fund, which will cater exclusively to institutional crypto investors.
The National Bank of Bahrain has partnered with crypto firm ARP Digital to launch a Bitcoin investment fund. Institutional crypto investors in the Middle East can invest in the fund of the central bank. This includes the countries comprising the Gulf Cooperation Council.
Leading news dailies in Bahrain quoted a senior official of the central bank, who said, “We are proud to introduce this bespoke structured investment, which blends the appeal of digital asset exposure with the security of capital protection.” The official added that the investment product would help its clients diversify portfolios and foster innovation.
Representatives from ARP Digital also described the product’s secure framework. The product provides full loss protection while capping preset gain limits. In this way, investors will be able to take a measured approach towards investing in Bitcoin.
Moreover, the product is a part of the National Bank of Bahrain’s strategy to expand its products for wealth management clients. This investment fund could also offer an opportunity for risk-averse investors to enter the crypto market. Meanwhile, this is not the first investment fund specifically for Bitcoin. There has been a gradual rise in such funds worldwide, owing to growing awareness of the use cases of crypto.
Want the latest crypto updates? Head to Blockverse!
