Thailand advances plans for spot BTC and ETH ETFs; SEC proposes 80% direct exposure rule

AI Market Summary

Thailand's SEC released draft rules to enable locally listed spot BTC and ETH ETFs, mandating at least 80% direct exposure to the underlying asset and favoring domestic custodians. A clear regulatory pathway could broaden institutional and retail access via onshore wrappers, supporting market depth and legitimacy. Near term, the consultation process (open until Sep 20) may drive positioning around expected approval timelines and custody standards.

Impact level

● Medium

Affected assets

BTC/USDT-1.84%

AI Insight · BTC/USDTAI Insight

▲ Bullish

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Thailand is taking another step toward allowing spot Bitcoin and Ethereum ETFs. The Securities and Exchange Commission has issued draft regulations that would require Thailand-listed funds to keep at least 80% of assets in direct exposure to the underlying cryptocurrency. The proposal also keeps domestic custodians as the preferred primary custody option. A public consultation on the draft is open through September 20.

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