Thailand moves closer to Bitcoin, Ether ETFs with draft rules

Thailand’s securities regulator has issued draft rules permitting Bitcoin and Ether ETFs, specifying licensing, custody and compliance requirements for asset managers and custodians. The draft moves the market closer to formally approved spot crypto ETFs by creating a regulatory framework and opening the path for product launches. For Bitcoin, this regulatory clarity is likely to expand institutional and retail access in Thailand, boosting liquidity and providing potential price support. The development also signals growing regional acceptance of ETF-format crypto products, which may encourage similar moves by neighboring regulators.