Bitcoin ETF Approval Momentum Unstoppable as Yet Another Country Greenlights Bitcoin ETFs

Thailand’s Securities and Exchange Commission (SEC) has given its approval for One Asset Management (ONEAM) to launch a spot Bitcoin exchange-traded fund (ETF) exclusively available to wealthy and institutional investors. This makes ONEAM the first firm in Thailand to receive such approval. The fund will invest in 11 prominent global funds and will employ international standards for cryptocurrency custody to ensure liquidity and safety. It has also undergone review by regulatory bodies in the United States and Hong Kong. MFC Asset Management is also awaiting SEC approval for a Bitcoin ETF targeting wealthy and institutional investors. Pote Harinasuta, CEO of ONEAM, stated that digital assets offer investors the opportunity to diversify their investment risks due to their low correlation with other financial assets. Bitcoin ETFs have been gaining recognition internationally, particularly from overseas regulators, following the US SEC’s approval earlier this year for funds that directly invest in spot Bitcoin through ETFs. In addition, the Hong Kong Securities and Futures Commission has authorized the establishment of ETFs that invest in both Bitcoin and Ethereum. Please note that this article does not provide investment advice.