Thailand SEC: No plans to allow spot Bitcoin ETF locally

Odaily Odaily reported that the Securities and Exchange Commission of Thailand stated that it has no policy to allow securities companies to establish spot Bitcoin ETFs in the country, and pointed out that such financial products established overseas are not within the scope of its supervision. Thailand’s Securities and Exchange Commission said the development of spot Bitcoin ETFs in the United States is in its early stages, with the regulator also stressing the importance of operator protection for investors. Mutual funds of asset managers are not allowed to invest directly in spot Bitcoin ETFs, the Thai Commission said in a statement on Tuesday. Prior to this statement, the U.S. Securities and Exchange Commission approved the establishment of spot Bitcoin ETFs by mutual funds. Subsequently, some Thai brokerages released news suggesting that customers can directly invest in such products. (Golden Ten)