On August 13, 2025, Kazakhstan launched Central Asia's first spot Bitcoin ETF, BETF, on the Astana International Exchange. This event marks an increase in institutional trust in the cryptocurrency market in the region.
ETF Launch on Astana International Exchange
Fonte Capital introduced the spot Bitcoin ETF, BETF, on the Astana International Exchange with BitGo as the custody provider. Mike Belshe, CEO of BitGo, stated: "Through secure, U.S.-regulated cold storage, BitGo is proud to support Fonte Capital in launching Central Asia’s first spot Bitcoin ETF on Astana International Exchange."
Institutional Interest in Central Asia's Crypto Market
Analysts highlight the ETF as a catalyst for institutional investments and market legitimacy within Central Asia. Kazakhstan's Bitcoin mining prominence supports potential liquidity inflows, fostering positive sentiment among both local and international crypto communities.
Historic Launch of ETF and its Market Impact
The ETF launch also mirrors global trends similar to those seen in the U.S. and Hong Kong. It is expected to enhance Kazakhstan’s role in the crypto sector. Kazakhstan’s leadership in Bitcoin mining, combined with the ETF, could attract both retail and institutional investors.
The launch of the first spot Bitcoin ETF in Kazakhstan underscores the growing interest in cryptocurrencies and could be a significant step in the development of the financial market in the region.
