Kazakhstan has launched Central Asia’s first spot Bitcoin exchange-traded fund, marking a major step in the region’s crypto investment landscape. The Fonte Bitcoin Exchange Traded Fund OEIC, operated by Fonte Capital, began trading on the Astana International Exchange on August 13, 2025.
The ETF is backed by actual bitcoin held in secure, offline custody by U.S.-regulated BitGo, with insurance protection up to $250 million. This gives investors regulated, safe exposure to bitcoin without the complexity of wallets or private keys.
Kazakhstan became a major bitcoin mining hub after China’s 2021 ban, attracting operations with its inexpensive coal-based energy and favorable policies. The fund is regulated by the Astana International Financial Centre (AIFC), offering legal protection against international sanctions and reducing reliance on foreign issuers. While neighboring countries like Uzbekistan and Kyrgyzstan remain cautious, Kazakhstan is establishing itself as the region’s most progressive and accessible crypto market.
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