ETNs for Bitcoin appeared on the Kazakhstan Stock Exchange

ETNs for Bitcoin appeared on the Kazakhstan Stock Exchange

With the new tool, Kazakh investors will be able to trade Bitcoin futures indirectly, as the value of the notes is tied to the value of the shares of the BITO fund. At the same time there will be no restrictions or additional taxes for investors. AIX customers will not need to register a digital wallet or work directly with Bitcoins.

“Kazakhstanis have access to Bitcoin in the Tabys mobile app. An exchange-traded note (ETN) has been added, with ProShares Bitcoin Strategy ETF (BITO) as the underlying asset. BITO is the first and largest SEC-registered fund investing in Bitcoin futures”

AIX said in an official statement

Recall that the ProShares Bitcoin Futures ETF BITO was launched last October. It was the first such instrument on the U.S. stock market. Already in the first day the volume of trades with shares of the fund exceeded $1 billion.

0 0 votes
Article Rating
Written by Renat
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments