The National Bank of Bahrain has announced the launch of its first Bitcoin investment fund, designed for institutional investors in the Middle East’s Gulf Cooperation Council, formed by Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates (UAE).

The fund was developed in partnership with digital asset firm ARP Digital. The investment vehicle will offer investors exposure to Bitcoin gains capped at a predefined threshold, with 100% loss protection on the downside.