Thailand Poised to Approve Local Bitcoin ETFs

Bitget App

Trade smarter

Insidebitcoin2025/01/16 23:44

By:Insidebitcoin

Thailand is currently deliberating on allowing Bitcoin exchange-traded funds (ETFs) to be listed on local exchanges. This initiative could pave the way for both individual and institutional investors to gain exposure to Bitcoin within the country.

Broader Accessibility with Local Bitcoin ETFs

The Securities and Exchange Commission (SEC) of Thailand, under the leadership of Secretary-General Pornanong Budsaratragoon, is actively exploring mechanisms to make Bitcoin ETF investments more accessible. According to Bloomberg, this step is part of Thailand’s strategy to adapt to the increasing global adoption of cryptocurrencies .

In a significant move in June 2024, the SEC approved the country’s first Bitcoin ETF targeted at professional investors. Developed by One Asset Management (ONEAM), this ETF operates as a “fund of funds,” granting investors indirect exposure to Bitcoin by investing in 11 prominent global Bitcoin funds. This structure is designed to reduce the risks typically associated with holding the volatile cryptocurrency directly. However, access to this ETF is restricted to accredited and institutional investors.

We must adapt and provide our investors with more crypto asset options while ensuring proper protections

The proposal to list Bitcoin ETFs on local exchanges reflects a shift in focus toward broader market accessibility. This development aims to solidify Thailand’s position as a digital asset innovation leader in the Asia-Pacific region. Speaking on this evolution, Pornanong emphasized the necessity for Thailand to align with the global trend of increasing cryptocurrency adoption. “We must adapt and provide our investors with more crypto asset options while ensuring proper protections,” she stated on Tuesday.

In addition to ETFs, the SEC is examining other measures to expand access to digital and traditional financial markets. One such initiative involves introducing stablecoins backed by government or corporate bonds, further diversifying financial products available to Thai investors.

Gulf Binance Supports Thailand’s Bitcoin Sandbox Pilot

Meanwhile, Binance’s Thai subsidiary , Gulf Binance, has expressed support for a Bitcoin sandbox pilot project proposed by Prime Minister Thaksin Shinawatra. This initiative, aimed at establishing Phuket as a hub for Bitcoin experimentation, has drawn attention from industry stakeholders. Gulf Binance CEO Nirun Fuwattananukul hailed the proposal as a pivotal move for Thailand’s digital economy. He pointed out that this effort aligns with the global trends in crypto adoption and showcases Thailand’s readiness to embrace transformative technologies.

“Not only does this initiative highlight the increasing momentum of crypto adoption, but it also underscores that top leaders are committed to integrating these technologies into the economy,” Nirun remarked. He further emphasized the importance of Thailand staying competitive as digital assets gain traction worldwide.

Digital asset trading has seen substantial growth in Thailand. By November 2024, approximately 270,000 active crypto trading accounts were reported, indicating rising interest and participation in the market. Thailand’s push for local Bitcoin ETFs and other crypto-friendly policies marks a notable step in its journey toward becoming a key player in the global digital asset landscape.

MIND of Pepe: Revolutionizing Meme Coins with AI Innovation

MIND of Pepe is an innovative cryptocurrency project that combines meme culture with artificial intelligence (AI) to create an evolving AI agent. This agent is designed to learn about meme coins, engage with the community, and self-improve over time, offering unique benefits to its token holders.

The project introduces the $MIND token , which serves as the cornerstone of its ecosystem. Holders of $MIND gain access to various advantages as the AI agent evolves, including insights into meme coin trends and participation in community-driven events. The tokenomics of MIND of Pepe are structured to support the project’s growth and sustainability, with a total supply of 100,000,101,001 tokens. The distribution strategy includes allocations for presale, liquidity, development, marketing, and staking rewards, ensuring a balanced approach to ecosystem development.

Security and transparency are paramount for MIND of Pepe. The project has undergone a comprehensive audit by Coinsult, a reputable blockchain security firm, to ensure the integrity and safety of its smart contracts. The audit report is publicly accessible, reflecting the project’s commitment to building trust within the community.

To participate in the MIND of Pepe presale, interested individuals can follow a straightforward process outlined on the official website. The platform provides detailed instructions on purchasing $MIND tokens, including setting up a compatible cryptocurrency wallet and acquiring the necessary cryptocurrency for the transaction. Additionally, the website offers a comprehensive FAQ section to address common inquiries and provide further clarity on the project’s objectives and functionalities.

MIND of Pepe represents a fusion of meme culture and advanced AI technology, aiming to create a dynamic and engaging experience for its community. By leveraging the evolving nature of AI, the project seeks to stay at the forefront of the rapidly changing meme coin landscape, providing value and entertainment to its supporters. For more information and to participate in the presale, visit the official MIND of Pepe website .