Overview
- The SEC opened public consultations on draft ETF rules and revised foreign custodian standards on Aug. 24, and stakeholders have until Sept. 20 to submit comments.
- The proposal would allow only locally established, single‑asset passive spot ETFs that track Bitcoin or Ether and require each fund to maintain at least an 80% average net exposure to its underlying crypto.
- Approved ETFs would trade exclusively on the Stock Exchange of Thailand and must be managed by licensed asset managers with clear disclosures and investor acknowledgement of risks.
- The draft gives priority to SEC‑regulated Thai digital‑asset custodians but allows the SEC to later permit qualified foreign custodians if they meet supervision and investor‑protection standards.
- The rules are part of a staged 2026 regulatory push that includes new derivatives rules and prior limited institutional crypto funds, and the framework could be revised based on consultation feedback and domestic custody capacity.