Thailand Mulls Allowing First Bitcoin ETF in Bid to Boost Sector
- The regulator may permit ETFs that invest directly in Bitcoin
- A fund-of-funds offering Bitcoin exposure launched last year
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Thailand may permit Bitcoin exchange-traded funds to list on local exchanges for the first time as the country vies to nurture a digital-assets hub.
The Securities and Exchange Commission is considering allowing individuals and institutions to invest in local Bitcoin ETFs, Secretary-General Pornanong Budsaratragoon said. Thailand’s One Asset Management launched a fund-of-funds offering exposure to overseas Bitcoin ETFs in June 2024, but the country hasn’t yet given the green light to vehicles that invest directly in the original cryptocurrency.