Kazakhstan puts $190M of its $700M crypto reserve into funds and ETFs
AI summary
Kazakhstan has deployed roughly $190 million of its planned $700 million national crypto reserve into hedge funds and exchange-traded funds that give exposure to digital assets. National Bank Deputy Governor Binur Zhalenov disclosed the figure, showing the reserve is being built out through regulated vehicles rather than direct coin purchases. The move signals continued sovereign-level demand for crypto exposure, a modestly supportive signal for sentiment even though it does not involve spot buying.
