Kazakhstan’s Fonte Capital Introduces Pioneer Bitcoin Spot ETF BETF

Key Points

1. Fonte Capital introduced the Fonte Bitcoin Exchange Traded Fund (BETF), the first Bitcoin spot ETF in Central Asia, trading on the Astana International Exchange (AIX).

2. Each BETF share is physically backed by Bitcoin, securely stored by US-based custodian BitGo Trust, with assets insured up to $250 million.

3. BETF is regulated by the Astana International Financial Centre (AIFC), offering protections against sanctions and reducing dependence on foreign issuers.

4. Kazakhstan has become a global leader in Bitcoin mining following China's 2021 mining ban, leveraging cheap energy and favorable regulation.

5. Investors can buy BETF shares on AIX without handling private keys or interacting directly with crypto exchanges, providing an easy way to invest in Bitcoin.