Thai SEC approves crypto ETFs for institutional and UHNWI investors – Thailand Business News

The Securities and Exchange Commission (SEC) has approved asset management firms to launch private funds investing in Bitcoin Exchange-Traded Funds (ETFs) listed on US exchanges. This opportunity is exclusively accessible to institutional and ultra-high-net-worth investors (UHNWI).

The SEC had to modify existing regulations to accommodate these investments, and they are strictly limited to the mentioned investor categories.

Despite the high risk associated with digital assets, the SEC has reclassified Bitcoin ETFs as securities, allowing Thai securities firms to invest in them. The SEC’s recent approval aligns with Bitcoin prices nearing all-time highs, making it a favorable moment for Thai investors to tap into this opportunity.

HNWI, VHNWI, and UHNWI are terms used in the financial industry to categorize individuals based on their liquid assets. HNWI refers to those with…