Thailand crypto ETFs may see slow start despite new rules: CoinShares

Thailand’s new Bitcoin and Ether ETF rules take effect Friday, but CoinShares expects modest initial inflows as existing investment options compete for demand. Thailand’s first crypto exchange-traded funds (ETFs) may get off to a slow start despite Bangkok’s efforts to expand access to regulated digital asset investments. “I would expect modest inflows initially, with tens of millions of US dollars across the first products a more realistic starting expectation than billions,” James Butterfill, head of research at digital asset investment firm CoinShares, told Cointelegraph. The country opens a new route for crypto exposure on Friday as its rules for Bitcoin (BTC) and Ether (ETH) ETFs to list on the Stock Exchange of Thailand take effect.

First reported by Cointelegraph. This page is a short excerpt; the full text is theirs.