Thailand to Allow Bitcoin, Ether ETFs on Local Exchange From Oct. 16

Forecast Trend Report by Period

Thailand will allow Bitcoin and Ether exchange-traded funds to list on its domestic stock market, opening a way for investors to gain exposure through the securities market without using crypto exchanges. Brokerages, however, will be barred from offering margin loans for ETF purchases.

Thailand’s Securities and Exchange Commission said on Oct. 8 it had finalized rules governing the establishment, management and custody of crypto ETFs. The rules will take effect on Oct. 16. Initial eligible assets will be limited to Bitcoin and Ether, and listing and trading will be allowed only on the Stock Exchange of Thailand.

The ETFs must be managed as passive products that track the price of the underlying crypto asset. Net exposure to a single crypto asset must be maintained at 80% or more of average net asset value during the fiscal year. Fund assets must be held by digital-asset custodians supervised by the SEC.