Thailand's first Bitcoin spot ETF approved! But it is only open to high-net-worth individuals and institutional investments

This site (120btC.coM): According to the "Bangkok Post" report, the Thai authorities approved the listing of the first Bitcoin spot ETF today (4th), but it is only open to high net worth individuals and institutional investors.

The Securities and Exchange Commission (SEC) of Thailand has approved local asset management company One Asset Management (ONEAM) to launch a Bitcoin spot ETF, making it the first company in Thailand approved to issue such a fund.

According to reports, this fund is called "ONE Bitcoin ETF—Fund of Funds—Non-hedged—Not for retail investors" (ONE-BTCETFOF-UI), and the issuance period is from May 31 to June 6 On this day, the investment risk level is 8.

In addition to Bitcoin, this fund will also invest in 11 leading global funds to ensure liquidity and security, and store Bitcoin in accordance with international standards. The Bangkok Post pointed out that this fund has been reviewed by international regulatory agencies such as the United States and Hong Kong.

ONEAM CEO Pote Harinasuta said: "Digital assets are alternative assets with low correlation with other financial assets and are suitable for helping investors diversify investment risks."

At the same time, another asset Management company MFC Asset Management’s Bitcoin spot ETF application is still awaiting approval from the Thai SEC.

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