- Singapore has announced its decision not to permit the listing of spot ETFs in the country.
- Singapore asserts that crypto, including Bitcoin, does not meet the criteria for qualified ETF assets.
- Retail investors in Singapore can still trade spot Bitcoin ETFs listed overseas through local brokerages.
The Monetary Authority of Singapore (MAS) announced that it would not permit a spot Bitcoin exchange-traded fund (ETF) to be listed in the country, according to local news.
This move contrasts with the recent approval by the U.S. Securities and Exchange Commission (SEC) for the launch of several spot Bitcoin ETFs in the United States. Singapore asserts that cryptocurrencies, including Bitcoin, do not meet the criteria for qualified assets within the context of ETFs.
However, reports indicate that capital market intermediaries licensed by the MAS can offer overseas market-related investments while ensuring adequate risk disclosure and appropriate customer suitability assessments.
“Retail investors can still trade spot Bitcoin ETFs listed overseas through local brokerages,” the local news re…
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