Thailand Eyes First Bitcoin ETF Approval: A Big Step for Crypto Growth

The Thai Securities and Exchange Commission (SEC) is exploring the approval of a Bitcoin exchange-traded fund (ETF) for listing on local exchanges. This move could position Thailand as a growing hub for digital assets. According to Secretary-General Pornanong Budsaratragoon, the SEC is considering allowing both individual and institutional investors to access local Bitcoin ETFs. Currently, Thailand lacks ETFs investing directly in Bitcoin. However, in June 2024, One Asset Management introduced a fund of funds offering exposure to overseas Bitcoin ETFs. If approved, this would mark a significant milestone for Thailand’s crypto market, fostering broader adoption and investment opportunities in the region.