Thailand’s Securities and Exchange Commission (SEC) has made an exception, allowing institutional investors and very high-net-worth individuals to invest in crypto exchange-traded funds (ETFs). The SEC will now allow asset managers to invest in spot bitcoin (BTC) ETFs on U.S. exchanges, said Pornanong Budsaratragoon, the SEC’s Secretary-General, on Monday. Spot bitcoin ETFs are classified as securities rather than digital assets under the SEC Act. This reclassification allows Thai securities firms to also partake in these investments. In January 2024, the Thai SEC stated that they did not plan to allow asset management firms to launch spot bitcoin ETFs.
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