PANews reported on August 13th that CoinDesk has announced the launch of Central Asia's first spot Bitcoin ETF, BETF, on the Astana International Exchange (AIX). Custodianed by BitGo, the ETF supports physical Bitcoin holdings and offers investors up to $250 million in insurance coverage. BETF is denominated in US dollars and allows for physical settlement, aiming to reduce tracking error and fees. Regulated by the Astana International Financial Centre (AIFC), the product is open to Central Asian and international investors, eliminating the need to manage private keys or use cryptocurrency exchanges.