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Kazakhstan Launches Central Asia's First Physical Bitcoin ETF
Summary: According to CoinDesk, Kazakhstan asset management company Fonte Capital launched Central Asia's first physical Bitcoin exchange-traded fund (ETF) on the Astana International Exchange (AIX) on August 13. The fund, traded under the code BETF, is priced in US dollars. Each fund unit is backed by physical Bitcoin, with custody services provided by US licensed custodian ...
According to CoinDesk, Kazakhstan asset management company Fonte Capital launched Central Asia's first physical Bitcoin exchange-traded fund (ETF) on the Astana International Exchange (AIX) on August 13. The fund, traded under the code BETF, is priced in US dollars.
Each fund unit is backed by physical Bitcoin, with custody services provided by US licensed custodian BitGo, offering up to $250 million in insurance coverage. BitGo ensures asset security through measures such as offline cold storage and secure vaults.
