Thailand SEC Finalizes Bitcoin and Ether ETF Regulations Effective October 16, 2026

The Securities and Exchange Commission (SEC) of Thailand has finalized a comprehensive regulatory framework for cryptocurrency exchange-traded funds (ETFs), specifically targeting Bitcoin (BTC) and Ethereum (ETH). This new set of rules will come into effect on October 16, 2026, and is designed to facilitate the trading of these crypto assets on the Stock Exchange of Thailand (SET).

According to an announcement made by the SEC on October 8, the regulations aim to expand investor access to cryptocurrencies while bolstering the local financial ecosystem. The framework includes 11 notifications that were developed following public consultations held in April-May and August-September, with a majority of participants expressing support for the proposed guidelines.

Key features of the new regulations include:

• Crypto ETFs must adhere to existing ETF rules and mutual fund regulations, supplemented by additional safeguards for asset management companies.
• Funds are required to maintain an average net exposure of at least 80% of net asset value to a single crypto asset throughout the accounting year.
• Only Bitcoin and Ethereum will be eligible for investment initially, with future asset eligibility determined by factors such as liquidity and market acceptance.
• Investors will be required to undergo education regarding the risks and features of crypto ETFs before trading.
• Margin loans for purchasing crypto ETFs are prohibited.
• Digital asset custodians must be SEC-regulated, ensuring that custody remains with licensed custodians.

Furthermore, the SEC has expanded the investment eligibility for Thai mutual funds and private funds to include domestic crypto ETFs, although it will not permit investments in foreign crypto ETFs or related products at this stage. This approach appears to be a strategic move to direct domestic investment towards local offerings and strengthen Thailand's position in the cryptocurrency market.