According to PANews, the Thailand Securities Exchange Commission has given approval to local asset management company, One Asset Management, to launch a Bitcoin spot Exchange Traded Fund (ETF), known as ONE-BTCETFOF-UI. This marks the first Bitcoin spot ETF in Thailand. The ETF is scheduled for issuance between May 31 and June 6. It carries an investment risk level of eight and is targeted towards high net worth individuals and institutional investors. The Bangkok Post initially reported this development.