Thailand’s SEC approves spot Bitcoin and Ether ETFs for Stock Exchange of Thailand
Summary
Thailand’s SEC approved rules allowing local asset managers to launch bitcoin and ether ETFs on the Stock Exchange of Thailand, effective Oct. 16. Each fund must track one cryptocurrency, keep at least 80% of net asset value exposed to it, and use SEC-regulated custodians. Investors must acknowledge risks, while brokers cannot lend money to buy the funds. Mutual and private funds may also invest in Thai crypto ETFs within existing limits. The rules initially exclude products giving retail investors indirect access to foreign crypto ETFs, creating a domestic regulated alternative to foreign products and direct crypto trading.
