Thailand SEC opens doors to US spot Bitcoin ETFs for accredited investors
The Thailand regulator has made the changes necessary to allow certain investors to gain exposure to the United States-listed spot Bitcoin ETFs.
Thailand’s Securities and Exchange Commission has reportedly amended its rules allowing the launch of private funds that invest in spot Bitcoin exchange-traded funds traded on United States exchanges.
However, only institutional investors and “ultra-high-net-worth individuals” will be able to invest in these private Bitcoin ETF funds, according to a March 12 report from the Bangkok Post.
Previously, regulations that govern investments of asset management firms did not cover digital asset ETFs, and under the SEC Act, asset managers are only permitted to provide trading of assets classified as securities.
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