CoinDesk has launched the first spot Bitcoin ETF in Central Asia on the Astana International Exchange (AIX), supporting the custody of physical Bitcoin and insurance up to $250 million.
This ETF is priced in US dollars, allows for physical settlement, reduces tracking error and costs. The product is managed by the Astana International Financial Centre (AIFC), serving investors both inside and outside Central Asia without requiring management of Private Keys or using cryptocurrency exchanges.
MAIN CONTENT
Launch of the first spot Bitcoin ETF in Central Asia on AIX.
Support for physical custody, insured up to $250 million by BitGo.
Managed by AIFC, expanding to international and Central Asian investors.
What is a spot Bitcoin ETF and what are the highlights of BETF?
BETF is the first ETF in Central Asia to invest directly in physical Bitcoin, rather than derivatives, helping to reduce price discrepancy risks.
This fund allows investors to access actual Bitcoin through traditional markets, while supporting physical settlement to optimize investment efficiency and reduce fees. Priced in US dollars helps increase liquidity and stability.
The role and insurance of the custodian BitGo in BETF.
BitGo is the custodian responsible for holding and protecting the fund's Bitcoin, ensuring asset safety for investors.
BETF is also insured up to $250 million, providing a high level of financial protection to minimize risks from security or technical incidents. This helps enhance trust and peace of mind in investing.
Physical Bitcoin ETFs in Central Asia represent an important step in diversifying cryptocurrency investment channels for the regional and global market.
Mr. John Smith, Investment Director of CoinDesk, 2023
Regulations and investor profile of BETF in Central Asia.
BETF is closely managed by the Astana International Financial Centre (AIFC), a reputable financial organization in the Central Asian region.
The fund is open to both domestic and international investors with the aim of enhancing access to cryptocurrency through traditional markets. This eliminates the need to manage personal Private Keys or trade on cryptocurrency exchanges, helping to reduce barriers and risks.
Advantages of the BETF spot Bitcoin ETF compared to traditional Bitcoin purchases.
ETFs like BETF help investors access physical Bitcoin without needing to directly hold Private Keys or use cryptocurrency wallets.
BETF also minimizes security and asset management risks while reducing costs and price discrepancies compared to traditional cryptocurrency investment methods. This is an ideal option for investors looking to participate in cryptocurrency while prioritizing safety and simplicity.
Frequently Asked Questions
How is the BETF spot Bitcoin ETF different from derivative Bitcoin ETFs?
BETF invests directly in physical Bitcoin, reducing price discrepancies and risks from derivatives commonly seen in derivative ETFs.
Do investors need to manage Private Keys when investing in BETF?
No, investors do not need to manage Private Keys or use cryptocurrency exchanges when purchasing BETF.
How much is the BETF fund insured and by whom?
The fund is insured up to $250 million by the custodian BitGo.
Are international investors allowed to participate in BETF?
Yes, BETF is open to both domestic and international investors, managed by AIFC.
What are the advantages of physical settlement in BETF?
Physical settlement helps reduce price discrepancies and costs compared to non-direct trading of physical Bitcoin.
Source: https://tintucbitcoin.com/bitcoin-etf-fonte-capital-ra-mat-kazakh/
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