Thailand’s regulatory shift fosters Bitcoin ETFs, targeting institutional investors.
ONEAM’s meticulous approach ensures compliance, offering diversified Bitcoin investment opportunities.
Thailand’s Securities and Exchange Commission (SEC) has given its nod to One Asset Management (ONEAM) to pioneer the launch of a Bitcoin exchange-traded fund (ETF) in the country. This development marks Thailand’s entry into the global trend of embracing cryptocurrency-based investment instruments. The ETF, dubbed the ONE Bitcoin ETF Fund of Funds Unhedged, is slated for distribution from May 31 to June 6, presenting an investment opportunity with a risk level of eight. However, access to this innovative financial instrument is reserved exclusively for wealthy and institutional investors.
Following recent amendments by the Thai SEC, local asset management firms are now empowered to introduce private funds offering Bitcoin ETFs, albeit with stringent eligibility criteria. While ONEAM secures its place as the pioneer, MFC Asset Management eagerly awaits regulatory clearance for its own Bitcoin ETF.
ONEAM’s Bitcoin ETF distinguishes itself through meticulous adherence to global standards. The fund’s strategy involves investment in 11 leading global funds, ensuring liquidity and safety. Notably, the fund’s operational framework and security measures have undergone rigorous review by regulatory bodies in the US and Hong Kong, underscoring its robustness and compliance with international norms.
Pote Harinasuta, CEO of ONEAM, emphasizes the diversification potential of digital assets in investment portfolios. Highlighting Bitcoin’s finite supply of 21 million units and its escalating demand amidst growing popularity. Harinasuta advocates for Bitcoin’s high growth potential. However, he cautions investors about the inherent volatility of the cryptocurrency. He recommends a conservative allocation of 5% within investment portfolios to balance returns and risk.
Global ETF Trend
The advent of Bitcoin ETFs in Thailand mirrors a global trend, with the United States leading the charge earlier this year. Currently, eleven Bitcoin ETFs are listed on US stock exchanges, with anticipation building for the introduction of Ethereum ETFs in the near future. This global momentum underscores the increasing institutional acceptance of cryptocurrencies as legitimate investment assets.
While Thailand embraces the Bitcoin ETF trend, attention is drawn to Australia, where similar developments are underway. With jurisdictions worldwide gradually embracing cryptocurrency-based investment instruments, the landscape of traditional finance continues to evolve. It reflects the growing influence of digital assets in mainstream investment strategies.
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