Thailand Approves First Bitcoin ETF: Details Here
Regulatory bodies around the world continue to greenlight Bitcoin ETFs.
These funds allow Bitcoin to be traded on a regulated exchange, thus providing greater exposure to the digital currency to institutional investors.
Recently, Thailand's financial regulatory body approved a Bitcoin ETF offered by One Asset Management (ONEAM), according to the Bangkok Post.
For your information, access to the new Bitcoin ETF in Thailand will be limited to wealthy and institutional investors only.
The Bitcoin ETF is named “ONE Bitcoin ETF” and is scheduled to be distributed between May 31 and June 6.
Approval of the new fund came about two months after the Securities and Exchange Commission of Thailand amended its local rules to allow local asset management companies to launch private funds offering Bitcoin exchange-traded funds.
However, the rule strictly restricts offers to wealthy and institutional investors.
While ONEAM has received approval, MFC Asset Management is still awaiting regulatory approval for its Bitcoin ETF
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