In a groundbreaking development, Thailand’s Securities and Exchange Commission (SEC) has approved the country’s first spot Bitcoin exchange-traded fund (ETF).

This move marks a significant step forward in the mainstream adoption of bitcoin within Thailand and aligns with a global trend of increasing regulatory acceptance of the scarce digital asset.

The ETF, named the “ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI)”, is spearheaded by One Asset Management (ONEAM) and is set to be available from May 31 to June 6.

The Thai SEC has restricted access to the ONE Bitcoin ETF to wealthy and institutional investors, reflecting a…

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