Thailand advances spot Bitcoin and Ether ETF rules with 80% exposure floor
Thailand has moved its planned spot Bitcoin and Ether exchange-traded fund framework into the draft regulation stage, setting an 80% minimum exposure requirement while keeping domestic digital asset custodians as the primary custody option. Thailands Securities and Exchange Commission said on Aug. 24 that it had opened two public consultations covering draft rules for locally established crypto ETFs and revised qualification standards for foreign digital asset custodians serving mutual and private funds. The latest proposal advances a framework first put out for public comment in April, when the regulator sought views on the main principles governing crypto ETFs, investment management and custody. Most respondents supported the plan, according to the SEC, although feedback on custody arrangements led officials to revise part of the original approach. During the first stage, asset management companies would be allowed to establish passive ETFs tracking only Bitcoin or Ether. Each fund would follow a single cryptocurrency, limiting the initial framework to the two assets the regulator currently considers sufficiently liquid and widely accepted for the product. The SEC will accept comments on both consultation papers until Sept. 20 before proceeding with the regulatory process. Thailand crypto ETFs would need at least 80% exposure Under the draft rules, locally established crypto ETFs









