CONNECT WITH US
Web3 & Blockchain

Web3 & Blockchain

Thailand SEC says several companies eye crypto ETFs, none has applied

Cointelegraph logo

Published on

Add as a preferred source on Google
Thailand SEC says several companies eye crypto ETFs, none has applied

Thailand’s SEC says several asset managers have sought consultations on spot crypto ETFs, but it cannot confirm whether the first funds will launch in 2026.

Thailand’s new spot cryptocurrency exchange-traded fund (ETF) framework is attracting interest from asset managers, but the regulator has yet to receive its first application.

Several asset management companies have approached Thailand’s Securities and Exchange Commission (SEC) for consultations about launching crypto ETFs, the regulator told Cointelegraph in a statement Thursday.

“However, no asset management company has yet submitted an application for approval to establish a crypto ETF,” the SEC said, without identifying the companies involved.

The SEC also said it was too early to determine whether the first products would receive approval before the end of 2026, noting that the timing would depend on applicants’ readiness, regulatory reviews and investor protection requirements.

Thailand’s new crypto ETF rules took effect Friday, allowing asset managers to establish locally listed spot Bitcoin (BTC) and Ether (ETH) ETFs.

Several companies are already offering Thai investors BTC exposure through funds linked to overseas ETFs. ONE Asset Management became the first Thai asset manager to receive approval for a Bitcoin ETF-linked fund in 2024, while MFC Asset Management later introduced a fund investing through BlackRock’s iShares Bitcoin Trust (IBIT).



Source link
Related Topics:Web3 & Blockchain

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.