Summary
- Thailand said it plans to launch an ETF expanded to virtual assets other than Bitcoin early next year.
- Thailand's Securities and Exchange Commission (SEC) said it has begun preparing new ETF rules with related agencies.
- Thailand said the institutional improvements aim to increase access to virtual asset investment and market competitiveness.
Thailand plans to launch on crypto exchanges an exchange-traded fund (ETF) that expands the scope from Bitcoin (BTC) to other virtual assets (cryptocurrencies) early next year.
According to Bloomberg on the 2nd (local time), the Thailand Securities and Exchange Commission (SEC) plans to launch spot ETFs for virtual assets other than Bitcoin early next year. Accordingly, the Thai SEC and related agencies are preparing rules for the new ETFs to be offered by domestic mutual funds and institutions.
Pornanong Budsaratragun, secretary-general of the Thai SEC, said, "Regulators are coordinating the institutional framework to secure investor protection while promoting market growth." Thai authorities said they intend to broaden access to virtual asset investment through these institutional improvements and to enhance the competitiveness of their domestic market in line with the international ETF trend.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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