The Thai Securities and Exchange Commission Grants Approval for the First Spot Bitcoin ETF

Quick Summary:

The Securities and Exchange Commission (SEC) of Thailand has officially approved One Asset Management (ONEAM) to launch the country’s first spot Bitcoin exchange-traded fund (ETF), a landmark decision in the nation’s financial sector.

This ETF will be exclusively available to wealthy and institutional investors, reflecting a cautious regulatory stance towards retail investor participation.

This approval follows a trend seen globally, with the US SEC and Hong Kong’s Securities and Futures Commission recently endorsing spot BTC ETFs.

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Article Details

Author / Journalist: Jake Simmons

Category: Crypto

Markets: HungaryAustraliaHong KongThailandUnited States

Topics: Bitcoin price Btc Bitcoin News Spot Bitcoin ETF Thailand Spot Bitcoin ETF Thailand Bitcoin Btc price Bitcoin news Bitcoin ETF news Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-04 @ 13:30:35 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 530 words

Reading Time: 3 minutes read

Sentences: 37 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21150149

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