Happycoin.club - Thailand turned out to be the latest country whose government has decided to approve an application to issue a spot Bitcoin ETF.

The Securities and Exchange Commission of Thailand has authorized One Asset Management (ONEAM) to create a BTC-based derivative called ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI). Trading in ETF units is planned to be launched before June 6, but due to the high investment risk, only institutions and wealthy people will be able to purchase them.

Digital assets represent an alternative class of assets, the dynamics of which are weakly correlated with fluctuations in the prices of other financial assets. With their help, you can diversify investment risks,” said ONEAM Director Pote Harinasuta.

Harinasuta noted an increase in demand for bitcoins in Thailand amid the increasing popularity of cryptocurrency. He explained this fact by the high return on investment in BTC, reaching an average of 124% per year, taking into account statistics over the past 11 years.

However, ONEAM staff advise investing only 5% of your financial assets in Bitcoin, because the coin is considered a high-risk investment instrument due to its high volatility, averaging 83% per year over the past 11 years.