Bitgo, a US-regulated Crypto Custodian, will protect property for the first spot bitcoin exchange-traded funds (ETF) of Central Asia, which started on Wednesday at Astana International Exchange in Kazakhstan.
A stock exchange within the Estana International Financial Center (AIFC) Framework, Astana International Exchange (AIX), a stock exchange, Announced List of torn bitcoin exchange traded funds (BETF) on Wednesday.
AIX said that AIFC-registered asset manager Manager, BETF, has provided indirect investment access to bitcoins (BTC) for a wide range of investors, including retail participants, including retail participants.
BETF Fund is physically supported by Bitcoin conducted in custody of Bitco Trust, a US-based subsidiary of Bitgo, which is known to provide BTC custody to major US bitcoin ETF issuers including Arc Invest and 21Shares.
US-controlled cold storage for Kazakhstan
Bitgo’s participation in the torn capital-zari spot bitcoin ETF marked the first time for the platform to provide investors in Central Asia to provide institutional-grade bitcoin access, the company said in a statement on X.
“Kazakhstan is entering a new era for digital assets,” said that, “the company said, saying that it will offer its custody through” safe, US-regulated cold storage “.
While Bitgo publicly accepted its role in the new spot bitcoin ETF, neither torn capital nor Estana International Exchange mentioned Custodian AnnouncementsCointelegraph reached AIX, Fonte and Bitgo for comments, but did not receive reactions by publication.
The role of Bitgo is a “two -edged sword”
The growing role of platforms such as Bitcoin products worldwide is a two-edged sword, according to Holonom, according to a two-edged sword, a wedding El Damel, Digital Identity Innovator and the co-founder of Human.Tech.
He said, “On one hand, you are getting institutional-grade custody just outside the gate, which matters for investors.
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El Dematey highlighted the increasing need of local crypto products in developing markets, suggesting that relying a single global player is not a long -term solution, but it still brings products such as the spot bitcoin ETF rapidly in the market.
He said, “Bitgo’s participation promotes a quick credibility to Kazakhstan,” he said:
“Ideally, countries should work towards the creation of local guardians that meet uniform safety standards. Thus, you are not only importing financial infrastructure, you are raising it at home, giving the market both sovereignty and flexibility.”
A local crypto insider and product lead Bakhrome Sedulov in Mercario echoed the idea of El Dematey, emphasizing that strong local custody is important for the financial sovereignty of courts such as Kazakhstan.
“But currently using a proven global custodian is the fastest route for reliability and foreign capital flow,” Saydulloev explained cointelegraph.
Impact on market
Established in 2017, AIX is supported by AIFC, Shanghai Stock Exchange, Silk Road Fund and Nasdaq, Handling About 130 million dollars in monthly trades by July 2025.
While AIX is modest than giants like Volume Nasdaq – which saw Last month, European Equity Trades – $ 73 billion – BETF launch is important as it provides regulated bitcoin access to investors that are historically excluded.
“So far, no regulations were made, locally listed product investors came into contact with it,” Saeedulov said, saying that the cryptocurrency has emerged as a prominent player in the Crypto industry including mining.
“In areas where traditional finance has left huge gaps, such equipment can start participating in the digital economy not only for investors, but for everyday people,” said El Dematey.
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