Fonte Capital Debuts Bitcoin ETF on Astana Exchange
Fonte Capital has launched Central Asia’s first spot Bitcoin ETF on the Astana International Exchange (AIX), offering institutional and retail investors regulated exposure to BTC. The fund, branded as BETF, is fully physically backed and custodied by BitGo, with up to $250 million in insurance coverage. Denominated in USD and settled in Bitcoin, the ETF aims to reduce tracking error and lower management fees. Overseen by the Astana International Financial Centre, the Bitcoin ETF enables crypto traders to gain BTC exposure without managing private keys or using a cryptocurrency exchange. This launch broadens market access in Central Asia and signals growing institutional adoption of digital assets.
Bullish
The launch of a regulated, physically-backed spot Bitcoin ETF in Central Asia is bullish for BTC. By lowering barriers to entry and offering insured custody, the ETF is likely to attract institutional and retail inflows. In the short term, demand for Bitcoin could rise as traders seek exposure through the new fund. Over the long term, increased liquidity and broader adoption of digital assets may enhance market stability and support further price gains.