Thailand’s Securities and Exchange Commission (SEC) is reportedly considering approving the country’s first Bitcoin exchange-traded fund (ETF), according to Bloomberg. Former U.S. President Donald Trump’s favorable stance on cryptocurrencies may have contributed to increased interest in the crypto sector in Thailand.
The cryptocurrency industry has evolved significantly since the creation of Bitcoin—shifting from a niche technological innovation to an established fintech sector that has captured global attention. It is now poised to become a key component of the global financial landscape.
A Bloomberg report states that Thailand’s SEC is reviewing the approval of its first Bitcoin ETF. In June 2024, One Asset Management introduced a fund-of-funds, enabling professional and institutional investors in Thailand to trade overseas Bitcoin ETFs. However, the country has not yet permitted ETFs that involve direct cryptocurrency investments.
Thailand’s Bid to Lead in Global Crypto Adoption
SEC Secretary General Pornanong Budsaratragoon shared plans to approve the nation’s first Bitcoin ETF. She also revealed that the SEC is evaluating the possibility of allowing local firms to issue stablecoins backed by bonds. Speaking on the matter, she emphasized:
“Whether we like it or not, we must keep pace with the global adoption of cryptocurrencies. We need to adapt and ensure investors have access to crypto assets with the right protections in place.”
Trump’s pro-crypto policies have pushed several nations, including Thailand, to strengthen their focus on crypto regulation and adoption. His pledge to position the U.S. as a global crypto hub has indirectly encouraged regulatory bodies worldwide to advance their efforts in the industry.
According to the SEC’s data, cryptocurrency trading in Thailand has surged, with active crypto trading accounts reaching 270,000 in November 2024—the highest figure since 2023. In an effort to stay competitive on the global stage, Thailand is preparing to grant local investors access to Bitcoin ETFs.
