Via thailand-business-news.com
Thailand SEC seeks public input on Bitcoin, Ether ETF framework
The regulator is also proposing updated qualification standards that could eventually allow funds to use qualified foreign digital-asset custodians.
Thailand is moving towards a regulatory framework for crypto ETFs.
The country’s Securities and Exchange Commission on Monday opened a public consultation on rules that would allow crypto ETFs to be established and traded in the country, while proposing higher standards for foreign digital-asset custodians to be used by funds investing in digital assets.
The proposed ETFs would be managed by asset management companies and would have to meet requirements similar to conventional ETFs and digital-asset mutual funds.
They would follow passive investment strategies and maintain an average net exposure of at least 80% of NAV to eligible crypto assets. Bitcoin and Ethereum would be the first permitted assets.
Under the proposed framework, crypto ETF assets would primarily be held with SEC-regulated Thai digital-asset custodians. The products would trade exclusively on stock exchanges and face additional investor-protection requirements, including disclosures covering their structure, risks and service providers, as well as measures requiring investors to acknowledge that they understand the risks before trading.
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The SEC also wants to expand the domestic market by allowing Thai mutual funds and private funds to invest in locally established crypto ETFs, subject to existing investment limits. The regulator said it would initially bar new Thai products linked to foreign crypto ETFs. Thai mutual and private funds could still invest in foreign crypto ETFs under existing limits.
The proposal would introduce a dedicated qualification requirement for managers overseeing digital assets in mutual funds. It would also allow qualified digital-asset custodians and other digital-asset businesses to apply to act as trustees for crypto ETFs, subject to requirements covering capital, staffing and operational systems.
The SEC said it may later permit foreign custodians if circumstances warrant, provided they are properly supervised and meet investor-protection and asset-management standards. Stakeholders have until Sept. 20, 2026, to submit comments.