Thai Regulators Propose Framework for Domestic Crypto ETFs

Thailand's Securities and Exchange Commission (SEC) has proposed a framework for crypto exchange-traded funds (ETFs), aiming to capture a significant share of the global market. The proposal would allow passive, single-asset funds focused on BTC or Ethereum to operate domestically.

The framework is designed to give Thai-regulated institutions a competitive edge in the market. Local firms would get the first advantage, with their assets initially held by digital-asset custodians regulated by the Thai SEC.

The proposed products would be restricted from trading on foreign exchanges, effectively keeping much of the value chain inside Thailand. This move is seen as an attempt to center the initial market around Thai-regulated institutions.