Thai SEC Approves Spot Bitcoin ETF, a First for the Country
CryptoNewsTerminal Staff04 Jun, 2024
Thai SEC Approves Spot Bitcoin ETF, a First for the Country
Thai investors are now able to access a spot Bitcoin ETF, the first of its kind in the country, following approval from the Thai Securities and Exchange Commission (SEC). This new ETF is set to launch on January 6th, targeting high net worth and institutional investors. This innovative ETF is brought to the market by local asset management company One Asset Management (ONEAM). It tracks the price of Bitcoin directly, providing investors with a convenient and regulated way to gain exposure to this digital asset class. The approval of this ETF marks a significant step forward for cryptocurrency adoption in Thailand. It offers a secure and accessible investment option for individuals and institutions looking to diversify their portfolios with digital assets. With the growing interest in cryptocurrencies, this ETF is expected to attract considerable attention from investors seeking exposure to Bitcoin.
