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SEC Greenlights Crypto ETFs in Thailand, Bitcoin & Ethereum to Pilot

SEC Greenlights Crypto ETFs in Thailand, Bitcoin & Ethereum to Pilot

MGR Online•Economy•1d ago

Reader Briefing

Thailand's Securities and Exchange Commission (SEC) is advancing plans to allow cryptocurrency Exchange Traded Funds (ETFs) in the domestic market, initially featuring Bitcoin and Ethereum.

  • •The SEC is accepting public comments on regulations for crypto ETFs in Thailand.
  • •Bitcoin and Ethereum will be the pilot digital assets for these ETFs.
  • •New rules aim to protect Thai operators by restricting foreign crypto ETF products initially.
  • •The consultation period ends on May 11, 2026.

Overview

  • •Discussions for crypto ETF establishment in Thailand were approved by the Securities and Exchange Commission board in December 2025 and the Capital Market Supervisory Board in February 2026.
  • •The SEC is officially opening a public comment period for the establishment and regulation of crypto ETFs in Thailand.
  • •The SEC stated that during the initial phase, products related to foreign crypto ETFs will not be permitted, in order to allow Thai operators to develop their capabilities.
  • •The public consultation period for the proposed crypto ETF regulations will conclude on May 11, 2026.
  • •Global regulatory bodies in the US, Canada, Australia, and Hong Kong have already established frameworks for crypto ETFs, indicating wider acceptance.
  • •The move to introduce crypto ETFs is a proactive step to elevate Thailand's capital market into the digital asset era.
  • •The proposed regulations cover the establishment criteria for crypto ETFs, investment management delegation for digital assets, and the role of crypto ETF custodians.
  • •In the initial phase, only spot crypto ETFs, investing directly in crypto, will be promoted, featuring Bitcoin and Ethereum as foundational assets due to their liquidity and global recognition.

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Key Quotes

SEC
"Crypto is being accepted as a true investment asset in the eyes of global regulators."
คริปโตกำลังได้รับการยอมรับในฐานะสินทรัพย์เพื่อการลงทุนอย่างแท้จริงในสายตาของผู้กำกับดูแลระดับโลก
SEC
"The decision to move forward with setting guidelines was approved by the Securities and Exchange Commission in December 2025 and the Capital Market Supervisory Board in February 2026."
การตัดสินใจเดินหน้ากำหนดหลักเกณฑ์ครั้งนี้ได้รับการรับรองจากคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์ในการประชุมเมื่อเดือนธันวาคม 2025 และจากคณะกรรมการกำกับตลาดทุนในการประชุมเมื่อเดือนกุมภาพันธ์ 2026
SEC
"In the initial phase, the issuance, establishment, or offering of alternative products related to foreign crypto ETFs will not be permitted."
ในระยะแรกจะยังไม่อนุญาตให้มีการออก จัดตั้ง หรือเสนอขายผลิตภัณฑ์ทางเลือกที่เกี่ยวข้องกับ crypto ETF ต่างประเทศ

Key Entities

Organization

SEC(ก.ล.ต.)ℹ️
The Securities and Exchange Commission of Thailand, which is proposing new regulations for cryptocurrency ETFs.
DA Custodian
A custodian entity that will be primarily responsible for the safekeeping of digital assets for Thai crypto ETFs.
Asset Management Companies(บลจ.)
Companies that will manage the proposed cryptocurrency ETFs in Thailand under a passive management structure.
Securities and Exchange Commission Board(คณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์)
The board that approved the initial guidelines for crypto ETFs in December 2025.
Capital Market Supervisory Board(คณะกรรมการกำกับตลาดทุน)
The board that approved the initial guidelines for crypto ETFs in February 2026.

Law

Securities and Exchange Act B.E. 1992(พระราชบัญญัติหลักทรัพย์และตลาดหลักทรัพย์ พ.ศ. 1992)
The legal framework under which digital asset businesses can be certified to act as custodians for crypto ETFs.