Thailand Sets Rules for Domestic Bitcoin and Ethereum ETFs

Thailand’s SEC has issued a framework for domestic crypto ETFs, effective October 16, 2026, with Bitcoin and Ethereum initially eligible. Funds must be passively managed and maintain average net exposure to a single crypto asset of at least 80% of NAV over each accounting year. They will trade exclusively on the Stock Exchange of Thailand and use SEC-regulated digital asset custodians. Investors must acknowledge product risks before trading, while brokers cannot provide margin loans for purchases. Mutual funds and private funds will also be allowed to invest in Thai crypto ETFs within existing limits. To support the domestic market during the initial phase, the SEC will restrict alternatives linked to foreign crypto ETFs, including depositary receipts, and prohibit brokers from facilitating foreign crypto ETF investments for clients other than institutional and ultra-high-net-worth investors.