ONE Bitcoin ETF Fund of Funds Unhedged
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Thailand’s ETF Expansion Signals Pro-Crypto Momentum Survives Leadership Change
Yahoo Finance· 2025-10-02 13:16
Group 1 - Thailand's new Prime Minister Anutin Charnvirakul is advancing the country's digital asset ETF initiatives, indicating a potentially deeper pro-crypto stance beyond individual leadership agendas [1][5] - The Thai Securities and Exchange Commission (SEC) is preparing to expand cryptocurrency ETF offerings beyond Bitcoin, with new guidelines being developed for local mutual funds and institutions [2][7] - The upcoming ETFs will include a variety of cryptocurrencies, such as Ethereum and Solana, addressing current limitations faced by Thai investors who primarily rely on direct token purchases or foreign crypto ETFs [3][7] Group 2 - The SEC approved Thailand's first spot Bitcoin ETF on June 4, 2024, which invests in up to 11 global funds, mainly U.S.-based spot ETFs, ensuring liquidity and security through institutional custodians [4][3] - The leadership change from the crypto-friendly Paetongtarn Shinawatra to Anutin Charnvirakul has raised concerns about potential shifts in crypto policy, although the retention of Deputy Prime Minister and Finance Minister Pichai Chunhavajira may help maintain regulatory momentum [5][8][6]