Thailand’s new crypto ETF rules take effect Friday; CoinShares expects a modest initial inflow.
Thailand’s ETF rules for $BTC and $ETH will take effect Friday, allowing local exchanges to list the products and retail investors to participate directly. However, domestic brokers purchasing overseas crypto ETFs on clients’ behalf will be limited to institutional and high-net-worth clients. CoinShares’ head of research expects initial inflows into the first products to be only tens of millions of dollars, rather than billions.
He pointed to Hong Kong as a benchmark: crypto ETPs there account for just 0.42% of the global total, while global crypto investment products have about $172.9 billion in assets. The first products must still complete regulatory approvals and arrange custody and distribution before trading can begin.
(Source: Cointelegraph)
⚠️ Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
#ETF #CryptoMarket
Thailand’s ETF rules for $BTC and $ETH will take effect Friday, allowing local exchanges to list the products and retail investors to participate directly. However, domestic brokers purchasing overseas crypto ETFs on clients’ behalf will be limited to institutional and high-net-worth clients. CoinShares’ head of research expects initial inflows into the first products to be only tens of millions of dollars, rather than billions.
He pointed to Hong Kong as a benchmark: crypto ETPs there account for just 0.42% of the global total, while global crypto investment products have about $172.9 billion in assets. The first products must still complete regulatory approvals and arrange custody and distribution before trading can begin.
(Source: Cointelegraph)
⚠️ Risk warning: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
#ETF #CryptoMarket