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Thailand Allows Trading In Bitcoin And Ethereum ETFs

Thailand Opens Doors to Bitcoin and Ethereum ETFs

Key Summary

Thailand's Securities and Exchange Commission has announced that Bitcoin and Ethereum exchange-traded funds (ETFs) will be allowed to trade on the Stock Exchange of Thailand starting October 16. This move comes in response to investor demand and will provide Thai investors with exposure to the two cryptocurrencies through regulated securities products.

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Thailand Opens Doors to Bitcoin and Ethereum ETFs

Introduction

Thailand is opening its main stock exchange to Bitcoin and Ethereum ETFs starting on October 16 of this year. The Securities and Exchange Commission announced that it will permit locally established crypto ETFs to trade on the Stock Exchange of Thailand (SET).

Background

Until now, regulators and politicians in Thailand had been reluctant to allow Bitcoin and Ethereum ETFs for fear they are too risky and could hurt investors. However, the markets regulator says it is responding to investor demand in permitting the Bitcoin and Ethereum spot ETFs.

Details

Each crypto ETF must operate as a passive investment fund designed to track the spot price of Bitcoin or Ethereum. Thai investors can now gain exposure to the two cryptocurrencies through regulated securities products without having to directly purchase and store the digital assets.

Restrictions

Still, securities companies will not be permitted to facilitate investments in overseas crypto ETFs, according to the Thai regulator.
#Bitcoin#TH#Crypto#ETF

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