Thailand Issues New Regulations on Crypto ETFs, Initially Allowing Investments Only in Bitcoin and Ethereum

BlockBeats News, October 9: The Thai Securities and Exchange Commission (SEC) has announced 11 regulatory guidelines for cryptocurrency ETFs, which will take effect on October 16. In the initial phase, ETFs are only permitted to invest in Bitcoin and Ethereum and must adopt a passive investment strategy. The annual average net exposure to a single crypto asset must not fall below 80% of the fund's net assets, and assets must be held by regulated digital asset custodians. Additionally, the new regulations allow mutual funds and private funds to invest in domestic crypto ETFs in Thailand but prohibit brokerage firms from offering margin financing services for purchases. During the initial phase, brokerage firms are not allowed to provide overseas crypto ETF investment services to clients other than institutional investors and ultra-high-net-worth individuals. [Original Link]