According to local reports, Thailand’s Securities and Exchange Commission (SEC) has given its approval for the first Bitcoin exchange-traded fund (ETF) to take off in the country. One Asset Management (ONEAM) is at the forefront, as it offers one bitcoin ETF of funds unhedged and not for retail investors (ONE-BTCETFOF-UI), to wealthy and institutional investors from May 31st until June 6th.
The fund will invest in eleven leading global Bitcoin funds guaranteeing liquidity while observing international storage standards, and regulatory compliance overseen by the U.S and Hong Kong.
“Digital assets are an alternative asset that have low correlation with other financial assets. They are suitable to help investors diversify investment risks,” explained Pote Harinasuta, ONEAM’s chief executive. “Although the supply of Bitcoin is limited at 21 million, demand is rising as…
