Thailand’s Securities and Exchange Commission (SEC) is preparing to launch new rules related to crypto, including exchange-traded funds (ETFs).
Thailand To Regulate Crypto ETFs And Futures This YearETFs are investment vehicles that allow investors to gain exposure to an underlying asset without having to directly own it. In the context of digital assets, ETFs enable traders to invest into coins like Bitcoin without interacting with any on-chain element like wallets or exchanges.
In the United States, spot ETFs gained approval by the nation’s SEC in January 2024 for Bitcoin and July 2024 for Ethereum. Since then, these funds have attracted notable attention, capturing demand from traditional investors who were reluctant to deal with blockchain infrastructure.
Kongsakul noted:
A key advantage of crypto ETFs is ease of access; they eliminate concerns over hacking and wallet security, which has been a major barrier for many investors.
According to Kongsakul, Thailand’s SEC board has already approved crypto ETFs in principle, with detailed investment and operational rules currently being finalized. Although an exact timeline is unknown, the SEC is expected to introduce the regulations “early this year.”
Alongside ETFs, the SEC is also moving to formally recognize crypto within Thailand’s derivatives framework, allowing digital asset futures products to trade on the TFEX. Kongsakul said crypto futures would provide traders with hedging tools and more sophisticated risk management options.
Last week, the funds actually saw net inflows of $1.42 billion, breaking the trend of weak inflows or outright outflows that had persisted since mid-October. But this week’s netflow suggests the bullish market mood couldn’t last.
BTC PriceAt the time of writing, Bitcoin is trading around $89,100, down more than 8% over the last week.
