The Securities and Exchange Commission (SEC) Secretary-General Pornanong Budsaratragoon has confirmed that Thailand is considering permitting Bitcoin exchange-traded funds (ETFs) to be listed on its exchanges.
This could be a significant step in Thailand’s efforts to become a center for digital assets. The move would allow both individuals and institutions to invest in domestic Bitcoin ETFs.
In June 2024, One Asset Management in Thailand launched a fund-of-funds that provided exposure to overseas Bitcoin ETFs.
However, direct investment in Bitcoin through local ETFs has not yet been approved. This potential policy change follows the trend in the Asia-Pacific region, where countries like Singapore and Hong Kong have already created crypto-friendly environments.
This shift also aligns with President-elect Donald Trump’s previous statements about making the United States a hub for cryptocurrency. According to Pornanong, it is necessary for Thailand to keep up with the global surge in cryptocurrency adoption by offering a wider range of crypto asset choices while also ensuring appropriate protections for investors.
