Overview

• SEC secretary‑general Pornanong Budsaratragoon said guidelines are being developed to let local mutual funds and institutions issue ETFs that track baskets of cryptocurrencies, potentially including altcoins such as Ethereum and Solana.
• The framework aims to create locally listed options for Thai investors beyond direct token purchases or overseas funds, with products envisioned for both domestic and foreign buyers.
• A separate draft bill has cleared the prime minister’s law‑drafting body and awaits parliamentary debate to allow the SEC to suspend major transactions and directly investigate insider trading and other market misconduct.
• Thailand approved its first spot Bitcoin ETF in June 2024 as a private placement for wealthy and institutional clients, providing the initial regulatory footing for broader digital‑asset funds.
• Complementary efforts—such as tokenized government bonds known as G‑Tokens and a tourist crypto sandbox—and activity from firms including Binance and Kasikornbank are helping develop the market infrastructure.