Thailand advances spot Bitcoin and Ether ETF rules with 80% exposure floor

Thailand has moved its planned spot Bitcoin and Ether exchange-traded fund framework into the draft regulation stage, setting an 80% minimum exposure requirement while keeping domestic digital asset custodians as the primary custody option. Summary Thailand has advanced its Bitcoin and Ether ETF framework to draft regulations. Locally listed ETFs would maintain at least 80% exposure to their underlying crypto asset. Bitcoin and Ether would be the only eligible assets during the initial phase. Domestic digital asset custodians would remain the primary custody option. Public comments on both proposals will remain open until Sept. 20. Thailand’s Securities and Exchange Commission said on Aug. 24 that it had opened two public consultations covering draft rules for locally established crypto ETFs and revised qualification standards for foreign digital asset custodians serving mutual and private funds. The latest proposal advances a framework first put out for public comment in April, when the regulator sought views on the main principles governing crypto ETFs, investment management and custody. Most respondents supported the plan, according to the SEC, although feedback on custody arran...