Kazakhstan’s Fonte Capital Launches Central Asia’s First Spot Bitcoin (BTC) ETF

Kazakhstan’s Fonte Capital Launches Central Asia’s First Spot Bitcoin (BTC) ETF

Kazakhstan, one of the world’s largest bitcoin mining countries, has become the location of central Asia's first spot bitcoin (BTC) exchange-traded fund (ETF).Astana-based Fonte Capital said the Fonte Bitcoin Exchange Traded Fund OEIC (BETF) will start trading Aug. 13 on the Astana International Exchange (AIX). The ETF will be priced in dollars. Kazakhstan shot up the bitcoin mining rankings after China banned the industry in 2021, pushing opera…

Kazakhstan Launches Central Asia’s First Spot Bitcoin ETF

The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – Kazakhstan has taken a major step in integrating cryptocurrency into its regulated financial markets with the launch of the region’s first spot bitcoin exchange-traded fund (ETF) on Aug.13. Photo credit: aix.kz Astana-based company Fonte Capital announced that the Fonte Bitcoin Exchange Traded Fund OEIC (BETF) begins trading on the Astana International …

Kazakhstan Launches First Spot Bitcoin ETF with BitGo Custody Support - Blockonomi

TLDR BitGo supports Kazakhstan’s first spot Bitcoin ETF, providing institutional-grade custody for the fund’s Bitcoin assets. The Fonte Bitcoin Exchange Traded Fund (BETF) launched on the Astana International Exchange, offering regulated Bitcoin investment. AIX’s listing of the Bitcoin ETF opens new investment opportunities for both retail and institutional investors in Kazakhstan. BitGo Trust will securely hold the Bitcoin assets for the ETF, …

Kazakhstan Launches First Spot Bitcoin ETF With BitGo As Custodian - FinanceFeeds

Kazakhstan’s Astana International Exchange (AIX) has listed the country’s first spot Bitcoin exchange-traded fund, with U.S.-regulated custodian BitGo safeguarding the underlying assets. The Fonte Bitcoin Exchange Traded Fund (BETF), launched Wednesday by AIFC-registered manager Fonte Capital, offers indirect Bitcoin exposure to both retail and institutional investors. The physically backed fund holds its BTC in cold storage with BitGo Trust, a …

First Bitcoin ETF launches in Central Asia

Central Asia’s first spot Bitcoin exchange-traded fund (ETF) has launched on the Astana International Exchange in Kazakhstan. The Astana International Exchange (AIX) announced the development on Wednesday through an official blog post.  According to the exchange, the fund, Fonte Bitcoin Exchange Traded Fund (BETF) is launched by Fonte Capital, a renowned asset manager registered with the Astana International Financial Center (AIFC). Like Fonte C…

BitGo backs Central Asia’s first spot Bitcoin ETF in Kazakhstan

BitGo, a crypto custodian with pending IPO application in the US, is safeguarding assets for Central Asia’s first physical Bitcoin ETF launching in Kazakhstan today.