- 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 SEC of Thailand has amended its rules to allow the launch of private funds investing in spot Bitcoin ETFs traded on U.S. exchanges, but only institutional investors and high-net-worth individuals. After the U.S. SEC approved the trading of spot Bitcoin ETFs, spot Bitcoin ETFs…— Wu Blockchain (@WuBlockchain) March 12, 2024
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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