Thailand’s Securities and Trade Fee on Thursday finalized guidelines permitting crypto exchange-traded funds (ETFs) to record on Thailand’s essential inventory trade, restricted initially to Bitcoin and Ether.
The regulator stated the principles will take impact on Oct. 16, 2026. Crypto ETFs have to be listed for buying and selling solely on the Inventory Trade of Thailand. Merchandise linked to international crypto ETFs, similar to depositary receipts, won’t be permitted initially, whereas Thai brokers will stay barred from facilitating investments in abroad crypto ETFs for retail traders exterior establishments and ultra-high-net-worth people.
“We’ve beforehand seen examples in america the place the launch of the Spot Bitcoin ETF and Spot Ethereum ETF created new avenues for institutional and retail traders to simply entry digital belongings,” Attakrit Chimphlapibul, co-founder of Bitkub Group, advised Cash and Banking on Thursday.
The framework opens a brand new route for Thai traders to achieve publicity to Bitcoin and Ether by the inventory market. The SEC additionally amended its guidelines to permit mutual funds and personal funds to spend money on Thai-established crypto ETFs, whereas beforehand they might make investments solely in international crypto ETFs.
Associated: Thailand SEC proposes retail entry to regulated abroad crypto derivatives
The framework additionally prohibits brokers from offering margin loans to buy crypto ETFs and requires fund belongings to be held with SEC-regulated digital asset custodians. Buyers should obtain details about the merchandise and make sure that they perceive the dangers earlier than buying and selling.
Crypto ETFs have to be managed as a passive funding automobile in search of to trace the worth of the crypto asset wherein it invests. It should preserve web publicity to a single cryptocurrency averaging not less than 80% of web asset worth over every accounting yr.
The SEC consulted on the proposed rules in April and Could and on draft rules in August and September. Most respondents supported the proposals, the regulator stated.
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