Speakers at the two-day Abu Dhabi event include Trump’s son Eric as well as billionaire Steve Witkoff, the new White House envoy for the Middle East and co-founder of World Liberty Financial
Retail investors have dominated flows into the new ETFs, with only a handful of large institutions having publicly disclosed positions in regulatory filings
The cryptocurrency has gained 50 per cent this year and most of the rise come in the last few weeks where trading volume has surged for US-listed bitcoin funds
The approval and launch of spot bitcoin ETFs in the US this year has opened the asset class to new investors and reignited the excitement that was sapped in the “crypto winter” of 2022
The regulator approved 11 applications, including from BlackRock, despite warnings from some officials and investor advocates that the products carried risks