#CreatorPad Kazakhstan has just launched the first bitcoin ETF in Central Asia, called the Fonte Bitcoin Exchange Traded Fund. This ETF is available on the Astana International Exchange and is backed by physical Bitcoin stored by the custodian BitGo, which has insurance of up to $250 million.
With the launch of this bitcoin ETF, Kazakhstan joins other countries such as the US, Canada, and Hong Kong that have approved spot bitcoin ETFs. This opens up new opportunities for investors to access bitcoin more easily and securely.
