According to Bloomberg, Thailand perhaps soon permit the listing of local Bitcoin area ETFs.
While institutional investors in Thailand and high-net-worth individuals can already make indirect investments in Bitcoin through a fund-of-funds Bitcoin ETF launched by One Asset Management ( ONEAM ) in June, retail investors do not have the same level of access to Bitcoin ETFs as those in nations like the U.S. S..
The Secretary-General of Thailand’s Securities and Exchange Commission ( SEC ), Pornanong Budsaratragoon, told in a press conference:” Like it or not, we have to move along with more adoption of cryptocurrencies worldwide”.
She continued,” We have to adapt and make sure our owners have more options for crypto assets with appropriate safety.”
Legalizing ETFs for major investors wasn’t the only pro-crypto determine floated by Thailand’s officials.
Former prime minister of Thailand, Thaksin Shinawatra, argued that Thailand really think about issuing stablecoins backed by state bonds for both retail and institutional investors.
Shinawatra also suggested that low-cost ways to raise money are by allowing businesses with the best credit scores to challenge their own stablecoins, which are secured by corporate bonds.
The U. S. legalized Bitcoin ETFs on Jan. 10, 2024, after nearly a century of governmental failures. Since then, the funds have seen significant outflows, especially now that Donald Trump has been elected. Another key markets, such as Hong Kong, followed coat by allowing Bitcoin ETFs in April 2024, followed by Australia in July.
It may come as a surprise that some experts in the global bitcoin sector are pushing for more people to use Bitcoin ETFs because they have already gained a lot of investor support in the U.S. business.
According to information from CoinGlass, spot Bitcoin ETFs attracted inflows of more than$ 900 million four times in 2024 and once more at the start of 2025.
The announcement comes after Thailand announced earlier this month plans to roll out a pilot programme for bitcoin payments on Phuket Island, which will let visitors who register with the government make Bitcoin payments.
However, the East Asian government’s support for the blockchain market isn’t unwavering.
Thai authorities announced earlier this week that they were considering a proposal to boycott the crypto-gambling site Polymarket along with neighboring Singapore, according to Bloomberg Law. Thai authorities said the firm, which saw a huge surge in popularity ahead of the US vote, was offering improper betting services, as crypto doesn’t officially be used for gambling in the country.
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