Worth watching this afternoon: Cointelegraph reported on October 9 that Thailand has finalized rules paving the way for Bitcoin and Ethereum ETFs, which are expected to take effect next week. The products will only be tradable on the Stock Exchange of Thailand. It sounds like good news, but don’t mistake “rules in place” for “money already flowing in.” There’s still a gap between establishing a regulatory pathway, launching products, and seeing actual subscriptions. I’m more interested in the products’ eventual size, fees, and actual trading volume than in chasing a rally just because I see the letters ETF. In the long run, watch the access point; in the short term, watch the actual money. Don’t conflate the two.#比特币 #ETF