Thailand SEC: No plans to allow spot Bitcoin ETF locally

The Securities and Exchange Commission of Thailand has stated that it does not have a policy allowing securities companies to establish spot Bitcoin ETFs in the country, and pointed out that such financial products established overseas are not within its regulatory scope. The Securities and Exchange Commission of Thailand stated that the development of spot Bitcoin ETFs in the United States is still in the early stages, and emphasized the importance of operators' protection of investors. In a statement on Tuesday, the committee stated that mutual funds of asset management companies are not allowed to directly invest in spot Bitcoin ETFs. Prior to this statement, the US Securities and Exchange Commission approved the establishment of spot Bitcoin ETFs for mutual funds, and subsequently some Thai securities firms issued messages suggesting that clients can directly invest in such products.