Thailand opens door to locally listed bitcoin and ether ETFs
In this news:
Key takeaways
- Thai asset managers can outsource crypto management to licensed managers.
- The SEC amended rules to allow mutual and private funds to invest in Thai crypto ETFs.
- Thailand has high crypto adoption with approximately 20 percent of its population holding digital assets.
Thai asset managers may outsource crypto investment management to licensed digital-asset fund managers. Regulated digital-asset custodians and other qualified firms will also be able to register as fund supervisors for crypto ETFs.
The SEC also amended its rules to let mutual funds and private funds invest in Thai crypto ETFs, subject to existing investment limits. In the initial phase, it will not allow products that give non-institutional clients indirect access to foreign crypto ETFs, such as depositary receipts.
The approach puts bitcoin and ether inside Thailand’s conventional fund and exchange framework but with additional custody, disclosure and suitability safeguards. It follows the regulator’s 2025 plan to expand its ETF offering beyond bitcoin.
Thailand reportedly has the most crypto users by country per capita with 20 percent, which is higher than the U.S.’ 13 percent. It is also above Nigeria, the Philippines, and South Africa, which all have approximately 19.4 percent crypto owners, according to World.
Share the article:
Trending News & Crypto World
.png)
Latest Crypto News
Top Trending Cryptocurrencies on The Market
Current Price
$0.1064
Market Cap
$356.0M -7.07%
24h Volume
$8.0M
Supplies
10.0B / 10.0B
Current Price
$0.3700
Market Cap
$344.8M -2.20%
24h Volume
$4.8M
Supplies
931.0M / 1.0B
Current Price
$0.3104
Market Cap
$341.5M 0.24%
24h Volume
$7.3M
Supplies
1.1B / ∞
Current Price
$0.3994
Market Cap
$331.9M -2.42%
24h Volume
$49.2M
Supplies
1.0B / 1.0B
Current Price
$1.108
Market Cap
$331.2M 0.02%
24h Volume
$5.1M
Supplies
299.4M / ∞
Current Price
$0.1307
Market Cap
$327.0M 1.71%
24h Volume
$12.0M
Supplies
10.0B / 10.0B
Current Price
$1.120
Market Cap
$326.6M 0.01%
24h Volume
-
Supplies
291.8M / ∞
Current Price
$116.99
Market Cap
$320.2M 0.01%
24h Volume
-
Supplies
2.7M / ∞
Current Price
$0.3544
Market Cap
$319.9M 1.63%
24h Volume
$11.4M
Supplies
2.0B / 2.0B
Current Price
$0.01652
Market Cap
$317.5M -0.11%
24h Volume
$10.1M
Supplies
19.9B / 19.9B
Current Price
$0.9977
Market Cap
$315.2M -0.01%
24h Volume
$97.7M
Supplies
315.9M / ∞
Current Price
$0.9905
Market Cap
$309.8M -0.38%
24h Volume
$3.6M
Supplies
312.8M / ∞