The National Bank of Bahrain (NBB) has launched the GCC's first Bitcoin investment fund, specifically targeting accredited investors.

Developed in partnership with ARP Digital, this fund aims to provide a secure way for investors to engage with digital assets.

Hisham AlKurdi, NBB's Group Chief Executive of Markets & Client Solutions, expressed pride in this innovative product, highlighting its blend of digital asset exposure and capital protection.

Investors in the fund can benefit from upward price movements of Bitcoin, with gains capped at a predetermined limit, while being fully protected against any downside risks.

The launch of the fund is expected to boost Bitcoin adoption in Bahrain and offers clients a unique opportunity for portfolio diversification.

Bahrain is actively working to attract more digital asset businesses through an innovation-friendly regulatory environment.

The Central Bank of Bahrain has established a supportive legal framework for digital currencies, further encouraging cryptocurrency investments.

Bahrain currently ranks fifth globally in Bitcoin holdings, with approximately 13,166 BTC valued at around $844 million.

The MENA region is increasingly focusing on cryptocurrency, positioning itself strategically for future developments in the digital asset space.

The growing institutional interest in Bitcoin is expected to positively impact the cryptocurrency's market price.

NBB's initiative reinforces its leadership in digital asset investment and positions Bahrain as a center for financial innovation.

The fund is designed for accredited investors and offers structured investments on a secure platform amid rising interest in digital assets.