Thailand is preparing to expand its domestic cryptocurrency ETF offerings to include a wider range of digital assets beyond Bitcoin, with plans to launch the new products early next year, according to the country’s Securities and Exchange Commission.

The regulator is drafting rules that would allow local mutual funds and institutions to offer these ETFs, potentially covering a basket of cryptocurrencies, said SEC secretary-general Pornanong Budsaratragoon.

Currently, Thai investors can access cryptocurrency by buying tokens directly or investing in funds that hold overseas cryptocurrency ETFs.

The new initiative would enable broader access through local products.

The SEC is also seeking greater oversight powers via a proposed bill that would allow it to suspend company transactions and investigate market misconduct, such as insider trading.

🔗 Source: Bloomberg