Spot Bitcoin ETFs are sweeping the world - now they have come to Thailand and Australia.
Thailand's SEC has approved the launch of the country's first spot Bitcoin ETF, reports #BangkokPost. This is an ETF from One Asset Management. And only institutional investors can invest in it.
In parallel, trading began today on the first Australian spot#BitcoinETF from #Monochrome. It became the first such instrument in the region. There are already two Bitcoin ETFs in Australia, but only the new one involves direct ownership of BTC. The instrument ticker is #IBTC.
Monochrome applied just two months ago. Listing took place on the Cboe Australia exchange. This is a subsidiary of Cboe Global Markets (#CBOE).
And on June 3, the Dubai regulator allowed trading of foreign crypto-ETFs in the free economic zone. The Dubai Financial Services Authority (DFSA) has made changes to the crypto regulatory regime, allowing shares of foreign crypto funds to be offered on the local market. Foreign issuers will now be able to offer fund units based on cryptocurrencies recognized by the regulator, including not only#BTCand #ETH, but also #LTC,#XRPand...#TONCOIN(#TON).
In short, crypto ETFs seem to be here for the long haul.
