Thailand’s SEC Greenlights Investment From Institutional and Wealthy Individuals in Crypto ETFs

Earlier this year, the regulator had denied permission to trade bitcoin ETFs.

AccessTimeIconMar 12, 2024 at 6:47 a.m. UTC
Updated Mar 12, 2024 at 6:49 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global event for everything crypto, blockchain and Web3.Register Now

Thailand’s Securities and Exchange Commission (SEC) has made an exception, allowing institutional investors and very high-net-worth individuals to invest in crypto exchange-traded funds (ETFs).

The SEC will now allow asset managers to invest in spot bitcoin (BTC) ETFs on U.S. exchanges, said Pornanong Budsaratragoon, the SEC’s Secretary-General, on Monday.

Spot bitcoin ETFs are classified as securities rather than digital assets under the SEC Act. This reclassification allows Thai securities firms to also partake in these investments. The SEC is contemplating extending this investment opportunity to individual investors in the future.

“Asset management firms asked the SEC for them to have exposure in digital assets, especially bitcoin and spot bitcoin ETFs, but we need to consider carefully whether to allow asset management firms to invest in digital assets directly due to the high risk,” said Pornanong.

In January 2024, the Thai SEC stated that they did not plan to allow asset management firms to launch spot bitcoin ETFs. Until now, the regulator has required individuals to invest in digital assets only through registered local exchanges.

Edited by Parikshit Mishra.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Shenna Peter

Shenna Peter is a Senior Editor at CoinDesk Indonesia.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.