UAE's Mashreq Capital includes Bitcoin ETF in its new multi-asset fund

According to Cryptopolitan, UAE asset management company Mashreq Capital, headquartered in the Dubai International Financial Centre (DIFC), has announced the launch of a multi-asset investment mutual fund called BITMAC. This fund covers various asset classes through ETFs, including stocks, fixed income, gold, and Bitcoin, with 90% invested in global equities and global fixed income, 5% in gold, and 5% in Bitcoin.

The fund is aimed at retail investors, with a minimum investment amount of $100. It provides retail investors with an institutional-grade pathway to allocate both traditional asset classes and digital assets within a single retail fund solution.