Thai SEC Opens Doors to Private Funds for Spot Bitcoin ETFs, But There’s a Catch
Thailand's Securities and Exchange Commission (SEC) has actually altered its policies, allowing the production of personal funds that buy area Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges.
This chance is restricted to institutional financiers and high-net-worth people.
SEC Amends Spot Bitcoin ETF Rules
SEC Secretary-General Pornanong Budsaratragoon revealed that the choice was reached throughout recently's board conference. The approval grants property management companies the authority to supervise personal funds committed to purchasing area Bitcoin ETFs traded on U.S. exchanges, in line with the current approval given by the U.S. SEC.
"Asset management companies asked the SEC for them to have direct exposure in digital possessions, particularly Bitcoin and area Bitcoin E...