Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms
Summary
Thailand’s SEC finalized rules for Bitcoin and Ethereum ETFs listed on the Stock Exchange of Thailand, effective Oct. 16. The framework initially limits funds to passively tracking one of the two assets, requires at least 80% average net exposure and SEC-regulated custody, and bars margin financing for purchases. Investors must receive risk education before trading. Thai asset managers may invest in domestic crypto ETFs, while retail access to certain foreign crypto ETF products and brokerage services will be restricted; institutional and ultra-high-net-worth investors are exempt. The SEC says the rules aim to build local market capacity. No ETF has yet been approved, and trading dates are unannounced.
