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The National Bank of Bahrain has launched its first Bitcoin investment fund, aimed at institutional investors within the Gulf Cooperation Council (GCC) region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).
Local reports state that this fund was developed in partnership with ARP Digital, a firm specializing in digital assets.
The investment vehicle is designed to give investors exposure to Bitcoin, with gains limited to a predetermined cap and offering downside…