Kazakhstan Central Bank Invests $190M in Crypto Funds and Bitcoin ETFs

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Kazakhstan Central Bank Invests $190M in Crypto Funds and Bitcoin ETFs

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Kazakhstan's central bank has put approximately $190 million into crypto funds, digital assets and Bitcoin-linked ETFs. Officials have not said how much of that sits in Bitcoin ETFs, or when the remaining reserve money will be deployed.

Kazakhstan's central bank has invested approximately $190 million in cryptocurrency funds, digital assets and Bitcoin-linked exchange-traded funds. About $100 million went to crypto-focused funds, and another $90 million to digital assets and Bitcoin-related ETFs.

Official discloses $100M in crypto funds

National Bank official Batur Vakhidov disclosed the investments at a financial conference in Almaty on November 5. The money is said to come from Ege DeFi, Brevan Howard Digital and PDO, which offer exposure to cryptocurrency markets.

The announcement follows earlier plans. In March, Central Bank Governor Timur Suleimenov unveiled a $350 million portfolio that is part of gold and foreign exchange reserves. Authorities then said the plans would also feature financial instruments associated with cryptocurrencies, not only token purchases.

Another $90M goes to digital assets and Bitcoin ETFs

The $90 million figure covers both digital assets and Bitcoin-related ETFs, but officials have not revealed how much sits in Bitcoin ETFs. The investments belong to Kazakhstan's crypto National Strategic Reserve, which totals $700 million and launched in December 2025.

Deputy Governor Binur Zhalenov said that by the end of October, some $190 million had been committed. The reserve draws $350 million from central bank reserves and another $350 million from the National Fund. The National Investment Corporation handles the portfolio, and officials are still evaluating investment opportunities and risks.

Seized crypto may feed the reserve

Kazakhstan has also outlined plans to expand the reserve with cryptocurrencies obtained through legal seizures and state-linked mining operations. Zhalenov said the government is preparing legal arrangements for transferring seized cryptocurrencies and mining proceeds into the reserve.

However, officials have not disclosed the precise Bitcoin ETF holdings or a timetable for deploying the remaining $510 million.

Source: CoinGape

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