Thailand’s SEC Modifies Regulations, Allowing Private Funds for U.S. Spot Bitcoin ETFs

The Securities and Exchange Commission (SEC) of Thailand has recently made a significant change by allowing private funds to invest in spot Bitcoin exchange-traded funds (ETFs) sold on US markets. However, this opportunity is limited to institutional investors and high-net-worth individuals. The decision was prompted by the recent approval of spot Bitcoin ETF trading by the US SEC, which reclassified them as securities rather than digital assets. As a result, securities companies in Thailand can now participate in these investments.

The Thai SEC, under the leadership of secretary-general Pornanong Budsaratragoon, has shared details on how this will work. Only asset management firms are eligible to launch these private funds, in accordance with the SEC Act, which permits the trading of securities. Pornanong emphasized that these firms have shown interest in entering the cryptocurrency industry, particularly Bitcoin and its related ETFs. However, they had to carefully consider the risks associated with direct investments in these assets. Since the existing regulations did not cover investments in digital asset ETFs, certain adjustments had to be made to facilitate this opportunity. Selected investors can now invest through private funds, albeit with certain limitations.

The timing of this development is notable, as the price of Bitcoin has reached an all-time high. With the cryptocurrency briefly surpassing the $73,000 mark before experiencing a slight correction, it is an opportune moment for Thai investors to get involved.

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Crypto Regulations