Thai SEC unmoved by US Bitcoin ETFs approval

The Securities and Exchange Commission (SEC) of Thailand stated that it is not currently considering the possibility of permitting asset management firms to launch Bitcoin Exchange-Traded Funds (ETFs) in the country. This comes in the wake of the United States SEC endorsing the establishment of 11 Bitcoin ETFs the previous week.

On January 11, rule changes were approved by the US SEC, allowing for the formation of listed ETFs, a significant milestone for Bitcoin and the wider cryptocurrency industry. BlackRock, the world’s most substantial asset manager, was among the approved issuers.

This endorsement has spurred Thai securities brokerage firms to promote investment in US spot Bitcoin ETFs directly to Thai investors.

The Thai SEC has been closely monitoring these developments. However, it has been confirmed that there are no current plans to permit the establishment of spot