After last week’s historic approval of Spot Bitcoin ETFs (Exchange Traded Funds) by the US Securities and Exchange Commission (SEC), investors worldwide wonder about the possibility of this financial product launching in their countries.
A local source released a report on January 17 stating that Thailand’s SEC has rejected the trading of ETFs in the country “for the time being.”
Thailand’s Regulator Speaks Out On Bitcoin ETFs
Since the US SEC approved listing 11 Bitcoin ETFs, Thai securities brokerage firms have prompted investors to invest directly in US spot Bitcoin ETFs, as the report explains.
Thailand’s SEC, however, has come out to say that it doesn’t plan to allow ETF launches in the country for now, stating:
The SEC has been following these developments closely but we do not have a policy to allow spot Bitcoin ETFs to be established in Thailand for the time being.
Despite the rejection of spot Bitcoin ETF launches in Thailand, the regulator maintains that investo
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