Thailand crypto ETFs may see slow start despite new rules: CoinShares
Summary
Thailand’s rules allowing Bitcoin and Ether ETFs to list on the Stock Exchange of Thailand take effect Friday, opening locally listed crypto funds to retail investors. Products must first receive regulatory approval and establish custody and distribution arrangements, so launch timing remains uncertain. CoinShares researcher James Butterfill expects modest initial demand, estimating tens of millions of dollars in inflows rather than billions. He cited Hong Kong’s limited share of global crypto ETP assets and competition from foreign funds and direct crypto trading as potential constraints. Thai managers MFC Asset Management and ONE Asset Management could be candidates to issue products, but neither had confirmed launch plans.
