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Thailand’s SEC Greenlights Institutional Access to Bitcoin ETFs

Published 03/13/2024, 12:04 AM
Updated 03/13/2024, 12:15 AM
© Reuters.  Thailand’s SEC Greenlights Institutional Access to Bitcoin ETFs
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  • SEC reclassifies spot Bitcoin ETFs as securities, opening investment avenues.
  • Policy shift responds to demand from asset management firms for digital asset exposure.
  • Thailand strengthens stock market oversight alongside digital asset integration.

Thailand’s SEC recently updated its policies to allow private funds to delve into spot Bitcoin exchange-traded funds (ETFs) available on U.S. exchanges. However, this new avenue is exclusively available to institutional investors and high-net-worth individuals, following the green light given to spot Bitcoin ETFs by the U.S. SEC. These ETFs, now considered securities rather than digital assets, open a new era for Thai securities firms.

The decision was announced on Monday by the SEC’s secretary-general, Pornanong Budsaratragoon, signaling a progressive shift in Thailand’s approach to digi…

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