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Thailand's Crypto ETF Framework Takes Effect
Thailand has finalized rules allowing domestic Bitcoin and Ethereum ETFs on the Stock Exchange of Thailand, effective October 16. The Securities and Exchange Commission (SEC) announced that 11 regulatory notifications will take effect on this date. The framework restricts specified foreign crypto ETF products and brokerage access for ordinary investors. Domestic funds must track one crypto asset, and brokers cannot provide margin loans for purchases. The SEC aims to support the development of Thailand's domestic crypto ETF ecosystem and strengthen local financial institutions' capabilities. The framework may create opportunities for Thai asset managers, custodians, and other licensed digital asset businesses, but it could leave retail investors with fewer competing products, making fees, liquidity, and tracking performance of domestically listed funds particularly important once trading begins.