With the success of Bitcoin ETF products in other regions, Thailand’s SEC is also considering permitting the product on local exchanges
Thailand is taking a bold step toward making cryptocurrency more accessible. The country’s Securities and Exchange Commission (SEC) is considering allowing Bitcoin Exchange-Traded Funds (ETFs) to be listed on local stock exchanges. If approved, this would let individuals and institutions invest directly in Bitcoin (BTC), marking a significant moment for Thailand’s financial landscape.
Bitcoin ETF: A Fresh Opportunity for Thai Investors
The SEC, led by Secretary-General Pornanong Budsaratragoon, is considering providing investors with more investment options. He plans to allow individuals and institutions to invest in locally listed Bitcoin ETFs.
In March 2024, the SEC approved asset management firms to launch funds that invest in U.S. spot Bitcoin ETFs. This careful approach led to new ideas, like One Asset Management’s fund-of-funds in June 2024.
This initiative gave institutional investors access to global crypto markets. Thailand’s SEC is now ready to take further steps, opening up more opportunities for local investors. This would be a big change for Thailand.
Until now, the SEC has only allowed funds that invest in Bitcoin ETFs based in the U.S. These funds launched in 2024 were restricted to professional and institutional investors. Budsaratragoon explained that Thailand needs to keep up with the global growth of digital assets.
This forward-thinking approach shows that the regulator is committed to offering more investment options while protecting investors.
Thailand’s Growing Crypto Ecosystem
Thailand’s crypto market has gained momentum, drawing interest from major global players. In early 2024, Binance partnered with Gulf Innova to launch Gulf Binance. Together, they launched a crypto exchange, making buying and selling digital currencies easier for Thai citizens.
With the possibility of local Bitcoin ETFs, the country could take another leap forward. These ETFs allow anyone to invest in Bitcoin through the stock market, giving them a safer and simpler way to join the crypto trend.
This decision shows how Thailand is adapting to the fast-changing world of finance. By considering Bitcoin ETFs, the SEC is opening the door for more people to explore digital assets while ensuring proper protections are in place.
If approved, this move could make Thailand a leader in Southeast Asia’s crypto scene, attracting even more global companies and investors. For now, the SEC is still thinking things over.
But if Bitcoin ETFs on local exchanges become a reality, it could mean big changes for Thailand’s economy and its people. Crypto is no longer just for tech-savvy experts or big corporations. Steps like this are becoming a part of everyday life.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGECrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
