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Thailand’s SEC Considers Approving Local Bitcoin ETFs
Thailand is considering approving Bitcoin exchange-traded funds (ETFs) for the first time, aiming to position itself as a leading digital assets hub in Asia, according to Bloomberg. The Securities and Exchange Commission (SEC) has announced plans to enable both individual and institutional investors to directly trade Bitcoin ETFs on domestic exchanges.
In June 2024, One Asset Management introduced a fund-of-funds offering indirect exposure to overseas Bitcoin ETFs. However, direct investment in Bitcoin through local products remains unavailable. The new proposal seeks to address this gap, reflecting Thailand’s response to rising competition in the region.
Singapore and Hong Kong have already established comprehensive digital asset frameworks, while the United States, led by President-elect Donald Trump, is advancing its global cryptocurrency strategy.
Pornanong Budsaratragoon, Secretary-General of the
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