SEC Thái Lan tìm kiếm phản hồi công chúng về dự thảo quy định về quỹ ETF bitcoin và ethereum

The Huoxing Finance report, citing Cointelegraph, states that Thailand’s Securities and Exchange Commission (SEC) has advanced its regulatory framework for locally listed spot Bitcoin and Ethereum ETFs from a principles-based proposal to a draft rule stage, and is now seeking public comments. On Monday, the regulator released two consultation papers: one containing draft rules for Thai crypto ETFs, and another outlining eligibility principles for foreign digital asset custodians. In the initial phase, asset managers may establish passive ETFs tracking either Bitcoin or Ethereum, the only two qualifying crypto assets. Under the proposed rules, Bitcoin and Ethereum ETFs will be traded exclusively on the Stock Exchange of Thailand (SET), each tracking a single crypto asset and maintaining at least 80% net asset exposure to that asset during each fiscal year. Mutual funds and private funds may also invest in Thai-local crypto ETFs, as well as foreign crypto ETFs they are already permitted to invest in, subject to existing investment limits. However, during the initial phase, the regulator does not permit alternative products linked to foreign crypto ETFs, including depositary receipts tracking them. Regarding custody, the revised framework still primarily relies on domestic digital asset custodians in the initial phase, with the Thai SEC permitting the use of qualified foreign digital asset custodians if necessary. Foreign custodians must be supervised by regulatory authorities with legal authority and meet standards of regulation and investor asset protection deemed sufficient by the Thai SEC. The public comment period for both consultation papers ends on September 20.