Thailand Finalizes Bitcoin ETF Rules as Bitcoin Price Swings
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TLDR Thailand introduces new Bitcoin and Ethereum ETF rules, effective October 16, with strict regulatory oversight. Thailand’s SEC limits crypto ETFs to Bitcoin and Ether, requiring at least 80% annual net exposure. Retail investors cannot access overseas crypto ETFs through Thai brokers, directing attention toward locally listed products. Thailand’s active crypto trading accounts dropped 21.82% in July, while daily trading volume declined 27.13%. Thailand’s ETF framework arrives as Bitcoin price faces volatility and U.S. Bitcoin ETFs record $487 million outflows. Thailand’s Securities and Exchange Commission has issued 11 rules for domestic Bitcoin and Ether exchange-traded funds (ETFs).
Source: CoinCentral
