Spot Bitcoin ETFs: High Net Worth Investors Benefit

The Securities and Exchange Commission (SEC) is in the process of permitting securities firms to offer spot Bitcoin Exchange-Traded Funds (ETFs) trading to institutional and high net worth (HNW) investors.

The information became public when InnovestX Securities, a unit of SCB X Group, announced on its website that it had recently discussed the matter with the SEC and obtained approval to offer spot Bitcoin ETF trading to its HNW and institutional investor clientele.

The SEC, however, has confirmed that it has no intention of allowing asset management companies to launch spot Bitcoin ETFs in Thailand, particularly for retail investors.

Anek Yooyuen, SEC Deputy Secretary-General, highlighted that the decision is based on concerns about the limited understanding retail investors have about investing in digital assets.

The SEC advises retail investors keen on digital assets to place…