Kazakhstan's central bank says about $190 million of its $700 million crypto reserve is now invested.
• About $190 million of the $700 million reserve sat in hedge funds and ETFs at the end of October
• Bloomberg reported the split as roughly $100 million in crypto funds and $90 million in bitcoin ETFs
• The reserve was funded equally from National Bank gold and FX assets and the National Fund
Why it matters: A central bank is gaining crypto exposure via funds and ETFs, not direct coin buys.
Source: Kazinform
Not financial advice.
💬 Should more central banks get crypto exposure through funds and ETFs instead of holding coins directly?
$BTC #Kazakhstan #CryptoReserve #BitcoinETF
• About $190 million of the $700 million reserve sat in hedge funds and ETFs at the end of October
• Bloomberg reported the split as roughly $100 million in crypto funds and $90 million in bitcoin ETFs
• The reserve was funded equally from National Bank gold and FX assets and the National Fund
Why it matters: A central bank is gaining crypto exposure via funds and ETFs, not direct coin buys.
Source: Kazinform
Not financial advice.
💬 Should more central banks get crypto exposure through funds and ETFs instead of holding coins directly?
$BTC #Kazakhstan #CryptoReserve #BitcoinETF