PANews reported on October 8 that according to Cointelegraph, the National Bank of Bahrain announced the launch of the first Bitcoin-linked structured investment product designed for institutional investors in the Middle East Gulf Cooperation Council, which consists of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The product was developed in cooperation with digital asset company ARP Digital and will provide exposure to BTC returns limited within a predetermined threshold and provide 100% loss protection in the event of a decline.
