The first Fund providing investors with convenient access to Bitcoin registered in Kazakhstan

Investment management company Fonte Capital Ltd announces the registration of Kazakhstan’s first Fund, Fonte Bitcoin Exchange Traded Fund OEIC Plc (BTEF), which will provide investors with the opportunity to include Bitcoin in their portfolios without the need for direct ownership of the digital asset.

BTEF aims to closely track Bitcoin’s price movements, achieving this objective before deducting expenses and Fund liabilities. The Fund is registered as non-Exempt, making it accessible to a broad range of investors, including non-qualified market participants. Currently, BTEF is in the process of preparing for a listing on the Astana International Exchange (AIX).

Bitcoin is the first digital currency that has sustained global investor interest. Its fundamental value is defined by its limited supply of 21 million coins. For over a decade, Bitcoin has maintained its status as a strategic global decentralized asset.

Amid the growing interest in digital assets from leading institutional investors worldwide, Fonte Capital Ltd presents BTEF as an investment instrument that provides access to Bitcoin within a regulated framework, offering key advantages over existing alternatives, including a low management fee of just 0.75% per year, based on the Fund’s net asset value.

Unlike Exchange-Traded Notes (ETNs), BTEF carries no credit risk, as its shares are backed by the underlying asset—Bitcoin. The Fund's Bitcoin holdings are secured by a licensed custodian with a high level of security and insurance, ensuring the safe storage of digital assets and mitigating custody-related risks.

An additional factor enhancing the Fund's investment appeal is its registration in Kazakhstan within the Astana International Financial Centre (AIFC). This eliminates the risk of asset freezes in the event of international sanctions and removes dependence on foreign issuers. The use of Bitcoin as the Fund’s underlying asset also contributes to lower total expense ratios (TER) and minimizes tracking errors.

"We offer investors a convenient and secure way to integrate Bitcoin into their investment portfolios without the complexities of custody and inheritance of the underlying asset. We are confident that our Fund will become a sought-after instrument for investors looking to diversify their portfolios and gain access to a new category of financial instruments," said Yerzhan Mussin, CEO of Fonte Capital Ltd.

The launch of BTEF will open new opportunities for the development of a modern investment ecosystem and infrastructure in Kazakhstan. The Fund will provide both local and international investors with transparent and regulated access to digital assets, fostering the expansion of investment opportunities and contributing to the continued growth of the market.