Overview
- Thailand’s Securities and Exchange Commission issued 11 notifications on Thursday that set a binding crypto‑ETF framework due to take effect on October 16.
- The initial phase allows only Bitcoin and Ether and requires each fund to be passive, track a single asset, and hold an average net exposure of at least 80% to that asset over each accounting year.
- All ETF shares must list and trade exclusively on the Stock Exchange of Thailand and the underlying crypto must be held by onshore custodians licensed and supervised by the SEC.
- The rules add investor protections including mandatory risk education, suitability checks, a buyer confirmation process and a ban on brokers offering margin loans to buy crypto ETFs.
- No issuer, ticker, or launch date has been approved yet, so asset managers and custodians must complete internal setups and secure SEC permission before products reach the market, which will shape demand for local custody and trading services.