Thailand's SEC Reviews Approval of Spot Bitcoin ETFs on Local Exchanges

Jan 15, 2025, 08:05 AM

Thailand is considering approving spot Bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time, as part of its efforts to establish itself as a digital-assets hub in Asia. The move is seen as a response to growing competition from Singapore and Hong Kong, which are also advancing in the cryptocurrency sector. The Thai Securities and Exchange Commission (SEC) is reviewing the potential listing of these ETFs, aiming to provide direct Bitcoin exposure to both retail and institutional investors. This initiative comes as Thailand sees an increase in active crypto trading accounts, with over 270,000 reported as of November 30, 2024.