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Kazakhstan-Based Fonte Capital Launches Central Asia’s First Spot Bitcoin ETF, Trading Begins on Aug. 13

2025-08-13 05:03:38

Kazakhstan-Based Fonte Capital Launches Central Asia’s First Spot Bitcoin ETF, Trading Begins on Aug. 13

Main Idea

Kazakhstan-based Fonte Capital is launching Central Asia's first spot Bitcoin ETF, which will start trading on August 13 under the ticker BETF, regulated by the Astana International Financial Centre (AIFC).

Key Points

1. The Fonte Bitcoin Exchange Traded Fund OEIC will reflect Bitcoin's price dynamics and hold the cryptocurrency directly, with BitGo Trust serving as custodian.

2. The fund is registered as non-exempt, making it accessible to a broad range of investors, including retail participants.

3. Kazakhstan is also exploring crypto banking infrastructure and plans to launch 'CryptoCity,' a pilot zone for cryptocurrency payments.

4. The AIFC aims to anchor crypto banking in Kazakhstan, with the Prime Minister emphasizing the expansion of crypto-related activities.

5. Kazakhstan joins global jurisdictions like the US and Hong Kong in offering regulated spot Bitcoin ETFs.

Description

Astana-based investment manager Fonte Capital will debut its Bitcoin exchange-traded fund (ETF) on Wednesday, on the Astana International Exchange (AIX). Central Asia’s first spot Bitcoin ETF product, dubbed the Fonte Bitcoin Exchange Traded Fund OEIC, will start trading Aug. 13 under the ticker BETF, quoted in US dollars. According to an official announcement , the fund will reflect the price dynamics of Bitcoin, holding the crypto directly. US-regulated BitGo Trust will be serving as the custo...

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Bitcoin News Bitcoin ETF Kazakhstan
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