On October 16, Thai stock investors will be able to buy $ETH directly through their stock accounts 🇹🇭
It’s not a futures contract or a derivative—it’s a local spot ETF approved by Thailand’s SEC. The details were finalized on October 8, with 11 rules in total. There’s a lot to unpack:
📌 A narrow initial scope
Only two assets have been approved for the first batch: BTC and ETH. Each ETF must hold a single asset and track it passively, with an average of more than 80% of its net assets invested in that one cryptocurrency throughout the year. Want to bundle a basket of assets? No chance.
📌 Strict custody requirements
The coins must be held by a digital asset custodian licensed by Thailand’s SEC, and the products can only be listed on the Stock Exchange of Thailand (SET). Brokers are also prohibited from offering leverage, and investors must confirm they “understand the risks” before buying. Want to get around the rules by buying an overseas ETF? No—the overseas route is reserved for institutions and ultra-high-net-worth investors.
📌 Who benefits?
Thailand is one of the countries with the highest crypto adoption rates in the world (around 20%). Until now, local investors could only buy coins over the counter or rely on overseas products. This move effectively opens a regulated pipeline for $ETH —once the rules take effect on October 16, fund companies can launch products after completing the approval process.
Put simply, the ETF story is spreading from the US to Southeast Asia. Every new country means another wave of buyers who “couldn’t get in before.” $ETH has fallen to around 2,500 this time, while more and more off-exchange pipelines are opening up.
Do you think this regulatory green light brings genuine new demand, or is it just sentiment? Pick a side in the comments 👇
#以太坊 #ETF #Thailand
*Just my personal opinion; this is not investment advice.*
It’s not a futures contract or a derivative—it’s a local spot ETF approved by Thailand’s SEC. The details were finalized on October 8, with 11 rules in total. There’s a lot to unpack:
📌 A narrow initial scope
Only two assets have been approved for the first batch: BTC and ETH. Each ETF must hold a single asset and track it passively, with an average of more than 80% of its net assets invested in that one cryptocurrency throughout the year. Want to bundle a basket of assets? No chance.
📌 Strict custody requirements
The coins must be held by a digital asset custodian licensed by Thailand’s SEC, and the products can only be listed on the Stock Exchange of Thailand (SET). Brokers are also prohibited from offering leverage, and investors must confirm they “understand the risks” before buying. Want to get around the rules by buying an overseas ETF? No—the overseas route is reserved for institutions and ultra-high-net-worth investors.
📌 Who benefits?
Thailand is one of the countries with the highest crypto adoption rates in the world (around 20%). Until now, local investors could only buy coins over the counter or rely on overseas products. This move effectively opens a regulated pipeline for $ETH —once the rules take effect on October 16, fund companies can launch products after completing the approval process.
Put simply, the ETF story is spreading from the US to Southeast Asia. Every new country means another wave of buyers who “couldn’t get in before.” $ETH has fallen to around 2,500 this time, while more and more off-exchange pipelines are opening up.
Do you think this regulatory green light brings genuine new demand, or is it just sentiment? Pick a side in the comments 👇
#以太坊 #ETF #Thailand
*Just my personal opinion; this is not investment advice.*