Thailand’s Securities and Exchange Commission has finalized regulations allowing crypto exchange-traded funds (ETFs) to list on the country’s main stock exchange, with initial focus on Bitcoin and Ether. The rules, set to take effect on Oct. 16, 2026, require ETFs to trade exclusively on the Stock Exchange of Thailand. Foreign-linked products like depositary receipts are not permitted initially, and Thai brokers cannot facilitate retail investments in overseas ETFs. The framework also allows mutual funds and private funds to invest in Thai-established crypto ETFs, a change from previous restrictions. Issuers must complete fund registration, obtain product approval, secure a SET listing, and arrange custody before launching. The SEC consulted on the proposals in April and May, with most respondents supporting the changes. The framework includes measures to prevent margin loans for crypto ETF purchases and mandates that fund assets be held with SEC-regulated custodians. Investors must receive risk information and confirm understanding before trading. Crypto ETFs must track a single cryptocurrency with at least 80% net asset value exposure. Binance Thailand CEO Nirun Fuwattananukul noted that the framework removes barriers for investors who prefer traditional brokerage accounts.
The rules aim to provide Thai investors with a new avenue to access Bitcoin and Ether through the stock market.
The framework is part of broader efforts to regulate cryptocurrency in Thailand. The rules are designed to ensure that crypto ETFs are managed as passive investment vehicles seeking to track the price of the underlying asset. The rules also include requirements for competitive fees, tight tracking of the underlying asset, and investor education, which will influence whether these products attract meaningful investment.