TechFlow news: The Securities and Exchange Commission of Thailand has revised its regulations to allow the launch of private funds investing in U.S. spot Bitcoin ETFs. According to a March 12 report by the Bangkok Post, only institutional investors and "ultra-high-net-worth individuals" will be eligible to invest in these private Bitcoin ETF funds.
Previously, regulations governing asset management companies' investments did not cover digital asset ETFs. Under the SEC Act, asset management firms were only permitted to offer trading in assets classified as securities. However, after the U.S. securities regulator approved spot Bitcoin ETFs in January, Thai regulations now define shares in spot Bitcoin ETFs as securities rather than crypto assets.
In addition, the Thai SEC stated that asset management companies are not allowed to launch their own versions of spot Bitcoin ETFs within the country.
