The Kazakhstan Stock Exchange just became the first in Central Asia to list US-based cryptocurrency ETFs. On June 19, KASE admitted two digital asset funds under its KASE Global framework: the Volatility Shares Solana ETF (SOLZ_KZ) and BlackRock’s iShares Ethereum Trust ETF (ETHA_KZ).
What’s actually being listed
SOLZ_KZ, the Solana fund from Volatility Shares, does not hold SOL directly. Instead, it gains exposure through futures contracts listed on the CME, along with cash equivalents. The net expense ratio sits at 0.95%, set to hold through June 30, 2026. As of June 18, SOLZ_KZ had roughly $80 million in assets under management.
On the Ethereum side, ETHA_KZ is BlackRock’s iShares Ethereum Trust ETF, carrying a leaner management fee of 0.25%.
Investment Company Standard JSC initiated the listing process for both products on KASE, acting as the bridge between US-based fund issuers and the Kazakh exchange infrastructure.
