Thailand Opens the Door to Crypto ETFs, but Shuts the Back Door on Foreign Ones | Regulation Bitcoin (BTC) News

Thailand’s Securities and Exchange Commission (SEC) has put new crypto ETF rules into effect on October 16, allowing Bitcoin (BTC) and Ethereum (ETH) ETFs to list on the Stock Exchange of Thailand (SET). The same framework blocks brokers from steering retail investors into foreign crypto ETFs. After 11 SEC notifications issued on October 8 following two rounds of public hearings, Thai mutual funds and private funds will be able to buy locally listed crypto ETFs under existing investment limits, but depositary receipts (DRs) and other foreign-linked products are not permitted for now. Only BTC and ETH qualify at launch, with funds required to be passive and hold at least 80% net exposure to a single crypto asset.