Thailand opens door to locally listed bitcoin and ether ETFs
Thailand’s new crypto rules taking effect Oct. 16. They allow Thai asset managers to launch crypto ETFs on the local stock exchange, with bitcoin and ether initially eligible.
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Summary
- Thailand’s securities regulator will allow local asset managers to launch exchange-traded funds tracking bitcoin or ether beginning Oct. 16.
- The funds must trade on the Stock Exchange of Thailand, invest at least 80% of their net assets in a single eligible cryptocurrency and use custodians regulated by the Thai authorities.
- Investors must acknowledge the risks before buying, while brokers cannot lend clients money for crypto purchases and retail investors will initially remain barred from products offering indirect access to foreign crypto ETFs.
