Thailand wants a piece of the $120 billion Bitcoin and Ethereum ETF market, but on its own terms
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Thailand has finalized rules allowing domestic Bitcoin and Ethereum ETFs while restricting retail access to competing overseas investment products. The Securities and Exchange Commission (SEC) announced on Oct. 8 that 11 regulatory notifications will take effect on Oct. 16, establishing a framework for cryptocurrency exchange-traded funds listed exclusively on the Stock Exchange of Thailand. Thailand's move follows the success of spot Bitcoin and Ethereum ETFs in the United States, which have attracted about $70.37 billion in combined cumulative net inflows since their launches. According to SoSoValue data, the funds held about $121 billion in combined net assets as of Oct.
First reported by CryptoSlate. This page is a short excerpt; the full text is theirs.
