Thailand Mulls Allowing First Bitcoin ETF in Bid to Boost Sector

Thailand may permit Bitcoin exchange-traded funds to list on local exchanges for the first time as the country vies to nurture a digital-assets hub.

The Securities and Exchange Commission is considering allowing individuals and institutions to invest in local Bitcoin ETFs, Secretary-General Pornanong Budsaratragoon said. Thailand’s One Asset Management launched a fund-of-funds offering exposure to overseas Bitcoin ETFs in June 2024, but the country hasn’t yet given the green light to vehicles that invest directly in the original cryptocurrency.

Pornanong Budsaratragoon

Photographer: Valeria Mongelli/Bloomberg

The potential shift in stance comes as the race to establish a digital-assets center in the Asia-Pacific region heats ...