Kazakhstan Launches First Spot Bitcoin ETF, Bolstered by BitGo Custody

Kazakhstan has taken the first step toward mainstream cryptocurrency investment, launching its first spot Bitcoin exchange-traded fund (ETF) on the Astana International Exchange (AIX). The fund, launched by AIFC-registered manager Fonte Capital, offers investors a convenient way to gain exposure to Bitcoin while benefiting from institutional-grade custody services provided by BitGo. The fund holds its BTC in cold storage, ensuring secure asset management, with BitGo Trust, a U.S.-based subsidiary of the renowned custodian known for serving major American Bitcoin ETFs from issuers like ARK Invest and 21Shares.