Thailand’s Securities and Exchange Commission (SEC) is considering the approval of bitcoin exchange-traded funds (ETFs) for listing on local exchanges.

Secretary-General Pornanong Budsaratragoon said that, if approved, this would be the first opportunity for residents to invest in direct bitcoin ETFs in the country.

Currently, investors can only access overseas bitcoin ETFs through a fund-of-funds product launched by One Asset Management in mid-2024.

Direct local ETF options linked to bitcoin are not yet available.