Thailand's Bitcoin and Ethereum ETFs are coming soon! Looks like every country might have its own crypto ETF in the future Thailand's SEC officially approved the local crypto ETF regulatory framework yesterday, effective October 16. Initially, only BTC and ETH will be allowed. These Thai ETFs must be traded on the Thailand Stock Exchange, with at least 80% of the annual average net exposure in a single cryptocurrency. Assets will be held by regulated custodians. Thailand is also restricting regular investors from buying overseas crypto ETFs through local brokers, clearly aiming to keep this business within the country. Thailand wants its fund companies to earn management fees, brokers to earn trading commissions, and custodians to earn custody fees—rather than letting local investors flock to buy U.S.-based IBIT or FBTC. As for the impact on BTC and ETH prices, don’t expect too much in the short term since the Thai market isn’t that big. But the trend is becoming clearer: Markets like the U.S. and Hong Kong are already ahead, and now Thailand is catching up. In the future, exchanges in different countries might all have their own BTC and ETH ETFs, just like how every country has gold ETFs today. Bitcoin is gradually transitioning from a niche crypto investment to a standard tool in the global traditional financial market. In the future, the competition between countries might be about where their investors’ money stays—on which exchange and under whose management.