{"id":1132,"date":"2024-06-04T10:19:40","date_gmt":"2024-06-04T10:19:40","guid":{"rendered":"http:\/\/ci02df1a23d0002433"},"modified":"2024-06-04T10:19:40","modified_gmt":"2024-06-04T10:19:40","slug":"thailand-approves-the-first-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/business\/thailand-approves-the-first-spot-bitcoin-etf","title":{"rendered":"Thailand Approves Its First Spot Bitcoin ETF"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p>Thailand has approved launching its first spot <a href=\"https:\/\/bitcoinmagazine.com\/guides\/best-bitcoin-only-exchanges\">Bitcoin exchange<\/a>-traded fund (ETF), joining a growing list of countries embracing regulated Bitcoin investment vehicles.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BREAKING: \ud83c\uddf9\ud83c\udded Thailand SEC approves the first spot <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#Bitcoin<\/a> ETF. <a href=\"https:\/\/t.co\/ju1q83JvVP\">pic.twitter.com\/ju1q83JvVP<\/a><\/p>\n<p>&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href=\"https:\/\/twitter.com\/BitcoinMagazine\/status\/1797926469509038476?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">June 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Thai Securities and Exchange Commission (SEC) endorsed asset manager One Asset Management (ONEAM) to introduce a <a href=\"https:\/\/bitcoinmagazine.com\/tags\/bitcoin-etf\">Bitcoin ETF<\/a>, according to the <a href=\"https:\/\/www.bangkokpost.com\/business\/investment\/2804674\/thai-sec-approves-first-bitcoin-fund\" target=\"_blank\" rel=\"noopener\">Bangkok Post<\/a>. The ONE Bitcoin ETF Fund is scheduled to be distributed between May 31 and June 6<\/p>\n<p>Under the Thai SEC&#8217;s rules, the ETF will be limited to wealthy and institutional investors. This follows the regulator amending local guidelines in April to permit restricted Bitcoin ETFs targeting professional investors.<\/p>\n<p>ONEAM will invest the fund in 11 major global Bitcoin funds to ensure adequate liquidity and security. The company said the ETF provides exposure to Bitcoin in a regulated framework, addressing risks like theft that come with direct ownership.<\/p>\n<p>While ONEAM obtained approval, fellow Thai firm MFC Asset Management still awaits regulatory clearance for its own planned Bitcoin ETF product. Both will be private offerings for qualified investors only.<\/p>\n<p>Thailand follows the trail blazed by the US SEC, <a href=\"https:\/\/bitcoinmagazine.com\/markets\/approved-spot-bitcoin-etfs-to-trade-on-us-markets-in-historic-milestone\">which approved several Bitcoin ETFs<\/a> this January, sparking surging interest. Other jurisdictions, such as Hong Kong, <a href=\"https:\/\/bitcoinmagazine.com\/business\/australias-first-spot-bitcoin-etf-to-begin-trading-tomorrow\">Australia<\/a>, and <a href=\"https:\/\/bitcoinmagazine.com\/business\/bitcoin-etps-get-approval-to-list-on-the-london-stock-exchange\">the UK<\/a>, have since followed suit in issuing spot Bitcoin ETFs or similar products.<\/p>\n<p>The launches provide easy, regulated exposure to Bitcoin&#8217;s price movements without the need to handle Bitcoin directly. This better accommodates professional investors and institutions<\/p>\n<p>By approving a Bitcoin ETF, <a href=\"https:\/\/bitcoinmagazine.com\/tags\/thailand\">Thailand&#8217;s<\/a> regulators acknowledge the growing demand from local institutions to add Bitcoin allocations. The move could enable broader mainstream adoption once public offerings become available.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thailand approved its first spot in Bitcoin ETF, with One Asset Management joining the growing list of jurisdictions approving regulated Bitcoin funds.<\/p>\n","protected":false},"author":2513,"featured_media":26607,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[332,93,183,339],"class_list":{"0":"post-1132","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-bitcoin-spot-etf","9":"tag-news","10":"tag-sec","11":"tag-thailand"},"author_data":{"id":2513,"name":"Vivek Sen","nicename":"vivek-sen-bitcoin","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/03\/cropped-vivek-96x96.jpg"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/thaiii.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2513"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=1132"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/1132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/26607"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=1132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=1132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=1132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}