Bitcoin Price Prediction: Kazakhstan’s First ETF Launches as BTC Targets $130K Breakout
Main Idea
Kazakhstan launches its first spot Bitcoin ETF, while Bitcoin's price shows bullish momentum with a potential target of $130K, and Norway's sovereign wealth fund increases its indirect BTC exposure.
Key Points
1. Kazakhstan has launched its first spot Bitcoin ETF, the Fonte Bitcoin ETF (BETF), trading on the Astana International Exchange and backed by BTC.
2. Norway’s sovereign wealth fund increased its indirect BTC exposure by 192% over the past year through equity stakes in companies like Coinbase and Metaplanet.
3. Bitcoin is trading at $122,535, with bullish indicators suggesting a potential breakout towards $130K, supported by technical analysis.
4. Bitcoin Hyper ($HYPER) is a new Bitcoin-native Layer 2 project combining Bitcoin's security with Solana's performance, raising over $9 million in its presale.
Description
Bitcoin is eyeing a $130K breakout as Kazakhstan launches its first spot BTC ETF, marking a major step for regional adoption and adding fresh momentum to the cryptocurrency’s bullish trajectory. Kazakhstan Debuts Central Asia’s First Spot Bitcoin ETF Kazakhstan has officially entered the regulated Bitcoin investment arena with the launch of its first spot BTC exchange-traded fund. The Fonte Bitcoin ETF (BETF) , now trading on the Astana International Exchange, is physically backed by BTC and man...
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