CoinVoice has recently learned that, according to CoinDesk, Kazakhstan's asset management company Fonte Capital launched the Central Asia's first Spot Bitcoin ETF on August 13 at the Astana International Exchange (AIX). The fund is traded under the code BETF and is priced in US dollars.



Each fund share is backed by physical Bitcoin and custodial services are provided by the licensed U.S. custodian BitGo, which offers insurance coverage of up to $250 million. BitGo employs measures such as offline cold storage and secure vaults to ensure asset safety.
AIX-0.24%
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