Thailand SEC says several companies eye crypto ETFs, none has applied

What happened: Thailand's SEC said several asset managers have sought consultations on spot crypto ETFs under its new framework, but no company has submitted an application yet. Why it matters: The SEC said it is too early to tell whether the first products will be approved before the end of 2026, with timing depending on applicant readiness, regulatory reviews and investor protection requirements. Key numbers: New crypto ETF rules took effect Friday, allowing locally listed spot Bitcoin (BTC) and Ether (ETH) ETFs. ONE Asset Management received approval for a Bitcoin ETF-linked fund in 2024.

Thailand's SEC said several asset managers have sought consultations on spot crypto ETFs under its new framework, but no company has submitted an application yet.

The SEC said it is too early to tell whether the first products will be approved before the end of 2026, with timing depending on applicant readiness, regulatory reviews and investor protection requirements. Key numbers: New crypto ETF rules took effect Friday, allowing locally listed spot Bitcoin (BTC) and Ether (ETH) ETFs. ONE Asset Management received approval for a Bitcoin ETF-linked fund in 2024.