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News Explorer — Thailand Approves Its First Spot Bitcoin ETF—But It'll Be Limited to Wealthy and Institutional Investors

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Jun 4, 10:19 am
bitcoinmagazine.com

Thailand Approves Its First Spot Bitcoin ETF—But It'll Be Limited to Wealthy and Institutional Investors

Thailand has approved its first spot Bitcoin exchange-traded fund (ETF), following in the footsteps of other countries that have embraced regulated Bitcoin investment vehicles. The Thai Securities and Exchange Commission (SEC) has given the green light to asset manager One Asset Management (ONEAM) to launch a Bitcoin ETF, which will be available to wealthy and institutional investors. The ETF will invest in 11 major global Bitcoin funds to ensure liquidity and security, providing exposure to Bitcoin in a regulated framework.

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