Spot Bitcoin ETFs Rejected; Investors Look to Global Markets

Thailand’s SEC Remains Cautious on Spot Bitcoin ETFs Despite US Approval

Thailand’s Securities and Exchange Commission (SEC) has declined to allow trading of spot Bitcoin exchange-traded funds (ETFs), citing concerns that foreign-approved Bitcoin ETFs are still in the nascent stages and may not align with the economic needs of the Thai market. This decision comes despite the recent approval of 11 Bitcoin ETFs by the US Securities and Exchange Commission. The Thai SEC remains cautious, believing that these ETFs, which have gained traction in foreign markets, may not be suitable for the Thai economic landscape at this stage.