🇹🇭 THAILAND JUST OPENED ANOTHER DOOR FOR CRYPTO
Thailand's SEC has finalized its regulatory framework for crypto ETFs.
Starting October 16:
₿ $BTC
♦️ $ETH
can be used as the underlying assets for locally listed crypto ETFs.
And there's an important requirement:
📌 Crypto ETFs must maintain at least 80% average net exposure to the underlying crypto asset.
They also need regulated custody arrangements and additional investor-protection measures.
Why is this important?
Crypto adoption isn't just about people buying coins directly anymore.
Traditional financial markets are slowly building regulated infrastructure around digital assets.
🇺🇸 US ETFs
🇨🇦 Canadian products
🇭🇰 Hong Kong products
🇹🇭 Now Thailand
One ETF launch won't move the entire market.
But every new regulated access point expands the potential investor base.
👀 October 16 could be an interesting date for $BTC and $ETH .
#bitcoin #Ethereum #TrendingHot #ETFs
Thailand's SEC has finalized its regulatory framework for crypto ETFs.
Starting October 16:
₿ $BTC
♦️ $ETH
can be used as the underlying assets for locally listed crypto ETFs.
And there's an important requirement:
📌 Crypto ETFs must maintain at least 80% average net exposure to the underlying crypto asset.
They also need regulated custody arrangements and additional investor-protection measures.
Why is this important?
Crypto adoption isn't just about people buying coins directly anymore.
Traditional financial markets are slowly building regulated infrastructure around digital assets.
🇺🇸 US ETFs
🇨🇦 Canadian products
🇭🇰 Hong Kong products
🇹🇭 Now Thailand
One ETF launch won't move the entire market.
But every new regulated access point expands the potential investor base.
👀 October 16 could be an interesting date for $BTC and $ETH .
#bitcoin #Ethereum #TrendingHot #ETFs