Bitcoin Effect Spreads Around the World: Another Country Approved ETF!

Thailand, one of the leading countries in Asia, gave the first approval to spot Bitcoin ETFs.

According to the news provided by Bangkonk Post, Thailand Securities and Exchange Commission (SEC) has approved One Asset Management (ONEAM) to conduct the first spot Bitcoin ETF issuance in the country.

The ONE Bitcoin ETF Fund will be distributed between May 31 and June 6 and will have an investment risk level of eight.

Making a statement on the subject, ONEAM CEO Pote Harinasuta stated that spot Bitcoin ETFs can offer investors an alternative door:

Digital assets are an alternative asset that has low correlation with other financial assets. They are suitable to help investors diversify their investment risks.

US's Bitcoin Influence Spreads to the Whole World

The first approval for spot Bitcoin ETFs came from the USA on January 10, 2024. Then, countries such as Canada and Hong Kong decided to follow this path and pave the way for ETFs.

This impact eventually spread to countries such as Thailand, paving the way for global adoption of Bitcoin. In April, Hong Kong allowed the launch of ETFs that invest in both Bitcoin and Ethereum.

It was recently announced that South Korea may also green light spot Bitcoin ETFs.

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