Thailand ’s Sec urities and Exchange Commission ( SEC ) has changed its regulations, permitting the creation of private funds that invest in spot Bitcoin exchange-traded funds (ETFs) traded on U.S. exchanges. SEC Sec retary-General Pornanong Budsaratragoon disclosed that the decision was reached during last week’s board meeting. The approval grants asset management firms the authority to oversee private funds dedicated to investing in spot Bitcoin ETFs traded on U.S.
exchanges, in line with the recent approval granted by the U.S. SEC. “Asset management firms asked the SEC for them to have exposure in digital assets, especially Bitcoin and spot Bitcoin ETFs, but we need to consider carefully whether to allow asset management firms to invest in digital assets directly due to the high risk,” Ms Pornanong The regulatory framework overseeing the investments of asset management firms initially did not encompass digital asset ETFs, prompting the SEC to introduce regulations to facilitate such investment
Thailand SEC Private Funds Spot Bitcoin Etfs U.S. Exchanges Asset Management Firms Digital Assets
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