Thai Securities and Exchange Commission: No plans to allow local spot Bitcoin ETFs

The Securities and Exchange Commission of Thailand has stated that there is no policy allowing securities companies to establish spot Bitcoin ETFs in the country, and it has 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 its early stages, and this regulatory agency also emphasized the importance of operators protecting investors. In a statement on Tuesday, the committee stated that asset management companies' mutual funds are not allowed to directly invest in spot Bitcoin ETFs. Prior to this statement, the U.S. Securities and Exchange Commission approved mutual funds to establish spot Bitcoin ETFs, after which some Thai securities firms issued messages suggesting that clients can directly invest in such products.