Thailand Proposes Rules for Bitcoin and Ether ETFs

1 month ago 37

Key Takeaways

Draft rules initially cover Bitcoin and Ether.
ETFs need 80% average net exposure.
Trading would remain exclusively on the SET.
Thai custodians retain the primary role.
Public consultation closes on September 20.

Thailand’s Securities and Exchange Commission has published detailed rules that could eventually support locally established crypto exchange-traded funds. The proposal follows an earlier consultation held between April and May, when most respondents supported the general framework but raised questions about custody.

The SEC’s August 24 announcement opens a public consultation on how these products should operate, who may manage them and where the underlying digital assets can be held, while no asset manager, ticker, fee or launch date has been announced.