According to BlockBeats, the Thailand Securities and Exchange Commission (SEC) has amended its rules to allow the launch of private funds investing in Bitcoin futures exchange-traded funds (ETFs) traded on US exchanges. However, as reported by the Bangkok Post on March 12, only institutional investors and 'ultra-high net worth individuals' will be allowed to invest in these Bitcoin ETF funds.

This move by the Thailand SEC comes as more countries are exploring the possibility of launching their own Bitcoin ETFs. The United States has recently approved several Bitcoin ETFs, and other countries, such as Canada, have also launched their own. The growing interest in Bitcoin ETFs is a sign of the increasing acceptance of cryptocurrencies as a legitimate investment option.

It is important to note that the Thailand SEC's decision only applies to private funds and not to retail investors. This means that the general public in Thailand will not have access to these Bitcoin ETFs, and only those who meet the criteria of being an institutional investor or an ultra-high net worth individual will be able to invest in them.