Thailand Expands Crypto ETFs Beyond Bitcoin
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Thailand’s SEC is drafting new rules to allow cryptocurrency ETFs covering multiple digital assets, moving beyond just Bitcoin. The initiative will let mutual funds and institutional investors launch diversified crypto ETFs domestically, making tokenized investment products more accessible. SEC Secretary-General Pornanong Budsaratragoon emphasized the goal of broadening crypto criteria to include baskets of cryptocurrencies, aiming to attract younger investors seeking alternatives amid a 7.6% drop in Thailand’s stock market this year.At the same time, the SEC is strengthening oversight. All digital asset firms managing or transferring customer funds must now use SEC-approved auditors starting October 2025. Proposed legislation would also allow the SEC to suspend suspicious transactions and investigate cases such as insider trading. The move positions Thailand as a regional hub for digital assets while protecting investors.