Thailand's Securities and Exchange Commission finalized rules allowing crypto exchange-traded funds to list on the Stock Exchange of Thailand, effective October 16, 2026. The 11 notifications establish a framework that initially permits only Bitcoin and Ether products and requires funds to maintain an average net exposure to a single asset of at least 80% of net asset value over each accounting year. ETFs must trade exclusively on the Stock Exchange of Thailand and be managed as passive vehicles tracking the underlying crypto price.
The framework bars foreign-linked products such as depositary receipts initially, restricts Thai brokers from facilitating retail investments in overseas crypto ETFs except for institutional and ultra-high-net-worth clients, and prohibits brokers from providing margin loans to buy crypto ETFs. Fund assets must be held with SEC-regulated digital asset custodians and investors must be informed of risks. Attakrit Chimphlapibul of Bitkub Group noted that U.S. spot BTC and ETH ETF launches had created new access routes for investors. Mutual funds and private funds may now invest in Thai-established crypto ETFs under the amended rules.