Green Light to Bitcoin from Another Country: "Spot Bitcoin ETF Excitement Begins!"
Thailand's SEC is considering giving the green light to spot Bitcoin ETFs and allowing them to be listed on local exchanges.
The US achieved a milestone by approving spot Bitcoin ETFs in January 2024, setting an example for the entire world.
At this point, after the USA, Hong Kong also approved spot BTC ETFs, while positive news came from Thailand.
Thailand’s SEC is considering giving the green light to Bitcoin ETFs and allowing them to be listed on local exchanges, Bloomberg reported.
Thailand’s Securities and Exchange Commission (SEC) Secretary-General Pornanong Budsaratragoon said the regulator is considering allowing individual and institutional investments in local Bitcoin ETFs that would provide direct exposure to Bitcoin.
“Thailand also needs to move with the increasing adoption of cryptocurrencies around the world.
“The regulator needs to adapt to this situation and ensure investors have more options in crypto assets with appropriate protection.”
Thailand's SEC had previously approved a local fund that allows institutional investors to invest in overseas Bitcoin ETFs.
*This is not investment advice.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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