Thailand Proposes Strict Rules for Bitcoin and Ether Spot ETFs

Thailand's Securities and Exchange Commission (SEC) has taken another step towards regulating Bitcoin and Ether exchange-traded funds (ETFs). The SEC has moved its framework for these crypto ETFs into the draft regulation stage, requiring locally listed ETFs to maintain at least 80% exposure to their underlying assets. This means that eligible assets will initially be limited to Bitcoin and Ether, with domestic digital asset custodians prioritized for custody.

The public consultation on the draft rules is open until September 20, after which the SEC will proceed with finalizing regulations. The framework aims to provide investors easier access to crypto exposure while addressing operational risks like wallet security and hacking.