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Thailand’s SEC says respective plus managers person sought consultations connected spot crypto ETFs, but it cannot corroborate whether the archetypal funds volition motorboat successful 2026.
Thailand’s caller spot cryptocurrency exchange-traded money (ETF) model is attracting involvement from plus managers, but the regulator has yet to person its archetypal application.
Several plus absorption companies person approached Thailand’s Securities and Exchange Commission (SEC) for consultations astir launching crypto ETFs, the regulator told Cointelegraph successful a connection Thursday.
“However, nary plus absorption institution has yet submitted an exertion for support to found a crypto ETF,” the SEC said, without identifying the companies involved.
The SEC besides said it was excessively aboriginal to find whether the archetypal products would person support earlier the extremity of 2026, noting that the timing would beryllium connected applicants’ readiness, regulatory reviews and capitalist extortion requirements.
Thailand’s new crypto ETF rules took effect Friday, allowing plus managers to found locally listed spot Bitcoin (BTC) and Ether (ETH) ETFs.
Several companies are already offering Thai investors BTC vulnerability done funds linked to overseas ETFs. ONE Asset Management became the archetypal Thai plus manager to person support for a Bitcoin ETF-linked money successful 2024, portion MFC Asset Management aboriginal introduced a money investing done BlackRock’s iShares Bitcoin Trust (IBIT).
Related: Bitget plans Thai crypto speech acquisition weeks aft $388M hack
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