Kazakhstan-based Fonte Capital has announced the listing of the Fonte Bitcoin Exchange Traded Fund OEIC Plc on the Official List of the Astana International Exchange (AIX), under the ticker BETF, quoted in U.S. dollars.
The launch will be celebrated during the official Ring the Bell ceremony at AIX. The BETF aims to accurately reflect bitcoin’s price dynamics, striving to achieve this performance before fees and fund obligations. Registered as non-exempt, the fund is accessible to a wide range of investors, including retail participants. This listing represents a significant advancement in Kazakhstan’s investment infrastructure, offering a regulated and secure method for investors to incorporate bitcoin into their portfolios without the complexities of directly holding and transferring the cryptocurrency.

Federal Reserve Governor Stephen Miran argued that stablecoins’ potential multi-trillion dollar growth over the next five years will help push down interest rates. A growing demand for US dollar-tied crypto stablecoins could help push down the interest rate, says US Federal Reserve Governor Stephen Miran.The Donald Trump-appointed Miran told the BCVC summit in New York on Friday that the dollar-pegged crypto tokens could be “putting downward pressure” on the neutral rate, or r-star, that doesn’t stimulate or impede the economy.If the neutral rate drops, then the central bank would also react by dropping its interest rate, he said.Read more

