TechFlow reports that Thailand's Securities and Exchange Commission (SEC) has approved One Asset Management (ONEAM) to launch the country's first spot Bitcoin ETF (ONE-BTCETFOF-UI).
The fund is scheduled for issuance from May 31 to June 6, with an investment risk rating of 8, available exclusively to wealthy and institutional investors.
ONEAM stated that the fund will invest in 11 leading global funds to ensure liquidity and security, and has already passed reviews by regulatory authorities in the United States and Hong Kong.
Analysts noted that as Bitcoin ETFs gain approval in markets such as the U.S. and Hong Kong, these products are achieving international recognition. Over the past 11 years, Bitcoin has delivered an average annual return of 124%, though it remains highly volatile. ONEAM recommends investors allocate up to 5% of their assets to Bitcoin.
