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August 13th marks the launch of BETF, Kazakhstan’s first spot Bitcoin ETF. Demonstrating strong confidence in the future of international Bitcoin adoption, Fonte Capital’s BETF was listed on the Astana International Exchange.
BETF’s holdings are both physically backed and trusted to BitGo, a US asset trust company that is the sole custodian behind Ethereum’s Wrapped Bitcoin token. This enables Fonte Capital to provide a $250M insurance coverage on the ETF.
Kazakhstan has established itself as a hub for crypto services following China’s crackdown on crypto in 2021, leveraging its relatively low domestic energy prices to offer affordable Bitcoin mining to the global market.
Continued institutional integration of Bitcoin benefits the value of $BTC, but that’s not everything. When Bitcoin increases in value, many altcoins follow suit—and projects that use the Bitcoin network as a foundation gain too.
That’s why we’re exploring Bitcoin Hyper ($HYPER), a project aiming to revolutionize how we use the Bitcoin network with Layer 2 features. But first, let’s take a closer look at what Kazakhstan’s shakeup means for the broader crypto landscape.
What Does a Spot ETF in Central Asia Mean for Bitcoin? Global Adoption Brings Increased Confidence
If there’s one thing clear by now, it’s that Bitcoin is going global. While other jurisdictions, including the US, Canada, and Hong Kong, have already approved spot Bitcoin ETFs, Fonte Capital’s BETF fund is the first throughout all of Central Asia.
According to research from Chainalysis, the Central and Southern Asia regions lead in crypto adoption as of 2024. Seven of the top 20 countries are in these regions, showing significant potential for growth in Asia as institutional adoption increases.
Looking at the US for clues on how ETFs can drive Bitcoin activity, we see that about $155 billion is now held and traded among institutional and retail investors without owning the coins.
Are other countries adopting Bitcoin? The Blockchain is a Victim of its own Success
In short, yes. Retail adoption of cryptocurrency is at an all-time high, with an estimated 550M or more people owning cryptocurrency worldwide, representing nearly 7.0% of the global population. These figures include substantial contributions from the global south, with countries like India, Nigeria, and Indonesia all ranking in the top ten.
As Bitcoin adoption increases, the environmental and financial impacts of the Bitcoin blockchain’s design will only worsen. The main issue with Bitcoin is poor scalability. Proof of Stake blockchains like Solana and Ethereum show that Bitcoin’s Proof of Work system isn’t just inefficient – it’s also unnecessary.
Still, Bitcoin’s growth suggests that large institutions are unlikely to shift away from using Bitcoin as a store of value. This puts Web3 developers and users in a tough spot. We want to hold Bitcoin, but we also want to use it to interact with modern blockchains.
What About Bitcoin Hyper – Supercharging the Bitcoin Blockchain with Layer 2 Functionality
This is where Bitcoin Hyper ($HYPER) comes in. It aims to address all the issues with the outdated Bitcoin network, such as high transaction fees and low throughput, by integrating a Solana Virtual Machine.
The Bitcoin Hyper network uses a Layer 2 solution to process all your transactions on the Bitcoin network. You send $BTC to a Bitcoin Hyper wallet, which then rewards you with an equivalent amount of wrapped Bitcoin to use on the Bitcoin Hyper network.
With functionality provided by Solana, this allows you to interact with dApps built specifically for Bitcoin, unlocking DeFi features and the ability to buy and sell NFTs, all grounded in the solid value of $BTC.
It’s all based on the $HYPER token, which reduces your transaction fees when you trade through the Bitcoin Hyper network. It also provides access to governance features, so holding $HYPER lets you contribute to the project’s future. Essentially, $HYPER is the fuel that powers the Bitcoin Hyper network.
You can also buy it at a low price during the presale. Currently, $HYPER has raised over $9M in presale and can be bought for $0.012675, so check it out before the price increases.
The release of the Bitcoin Hyper network is expected in Q3 2025, but in the meantime, you can review the smart contract audits on Coinsult and Spywolf to ensure you’re satisfied with the token infrastructure.
Where Next for Bitcoin?
Bitcoin isn’t going anywhere anytime soon. Widespread institutional adoption is just another step toward global dominance of the crypto market, so there’s still plenty of growth potential for Bitcoin.
It’s not too late to get involved and ride $BTC to the moon, but there are also other strategic plays to consider in the meantime.
If Bitcoin Hyper ($HYPER) can enable the Bitcoin network to match the functionality and fees of Ethereum and Solana, we could see the value of $HYPER soar. That said, you can check out the Bitcoin Hyper project here for more.
That’s a big if, so do your own research and ensure you’re ready to lose what you invest.
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