Overview
- Thailand’s Securities and Exchange Commission published draft rules and opened a public consultation on Aug. 24 for locally established spot Bitcoin and Ether ETFs with comments due by Sept. 20.
- The draft limits initial products to passive, single‑asset funds that track either Bitcoin or Ether and must hold an average net exposure of at least 80% of net asset value each year.
- All ETFs would trade on the Stock Exchange of Thailand and only licensed asset management companies may list them, giving retail and institutional investors access through securities accounts rather than direct wallets.
- The SEC is prioritizing custody by Thailand‑regulated digital‑asset custodians but retains discretion to permit qualified foreign custodians under strict supervision and qualification tests.
- The rules include investor‑protection measures such as required disclosures and investor risk acknowledgement, they exclude foreign ETF wrappers and depositary receipts at launch, and regulators say the draft will be reviewed after the public consultation before any launch timetable is set.