Currencies38994
Market Cap$ 2.70T+0.07%
24h Spot Volume$ 33.93B-1.05%
DominanceBTC57.46%-0.17%ETH10.80%-0.46%
ETH Gas0.20 Gwei
Cryptorank
/

Thailand Embraces Bitcoin: First ETF Approved for Wealthy Investors


Thailand Embraces Bitcoin: First ETF Approved for Wealthy Investors

Share:

Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner
  • Thai SEC approves ONEAM to launch Thailand’s first Bitcoin ETF, restricted to wealthy and institutional investors.
  • ONEAM’s Bitcoin ETF invests in 11 global funds, reviewed by US and Hong Kong regulators for safety and liquidity.
  • ONEAM advises investors to allocate 5% to Bitcoin, with expected returns of 8.90% per year and improved portfolio Sharpe ratio.

Wu Blockchain reported on X that the Securities and Exchange Commission, Thailand, approved One Asset Management (ONEAM) to launch Thailand’s first Bitcoin ETF. This exchange-traded fund (ETF) targets wealthy and institutional investors, marking a significant step toward integrating digital assets into Thailand’s financial system.

According to the Bangkok Post, the fund will invest in eleven top global funds to ensure safety and liquidity. International regulatory bodies in Hong Kong and the …

The post Thailand Embraces Bitcoin: First ETF Approved for Wealthy Investors appeared first on Coin Edition.

Read the article at CoinEdition

In This News

Coins

$ 77.32K

-0.11%

$ 0.00646

-1.91%

$ 0.00...361

$ 0.000603

$ 0.0000195


Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

In This News

Coins

$ 77.32K

-0.11%

$ 0.00646

-1.91%

$ 0.00...361

$ 0.000603

$ 0.0000195


Predictions Markets

See what traders are focused on

View analytics →
Prediction Banner

Share:

Read More

Crypto Council Urges SEC to Streamline Novel ETP Approvals

Crypto Council Urges SEC to Streamline Novel ETP Approvals

Crypto Council for Innovation is advocating for a modernized framework for ETP by the...
Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil

Bitcoin hits $77,000 wall as the Fed gets trapped between weak jobs and $90 oil

JOLTS turnover weakened, but ISM prices at 71.1 and a 66% closing hike probability ke...