Thai SEC Approves First Spot Bitcoin ETF by One Asset Management

Jun 4, 2024, 10:05 AM

The Thai Securities and Exchange Commission (SEC) has approved the country's first spot Bitcoin (BTC) exchange-traded fund (ETF), as reported by Bangkok Post. The ETF, managed by One Asset Management, is available exclusively to wealthy and institutional investors. The fund's policy is to invest in 11 leading global funds. This approval marks a significant step in Thailand's financial market, highlighting the growing acceptance of cryptocurrency investments.