Thailand SEC allows qualified investors to invest in U.S. Bitcoin spot ETF

bitcoin ETF IN invest 2024-03-12 75
In a move to diversify investment options, the Securities and Exchange Commission of Thailand has announced a significant revision to its regulations. Private funds are now permitted to venture into the realm of Bitcoin spot ETFs, specifically those traded on US exchanges. This bold decision, reported by the Bangkok Post on March 12, marks a turning point for the region's financial landscape. It is important to note, however, that only institutional investors and individuals with ultra-high net worth are eligible to partake in these exclusive Bitcoin ETF funds. This development reflects a growing recognition of the potential of digital assets as a valuable addition to traditional investment portfolios.