Thailand SEC Approves ONEAM For The First BTC ETF

The post Thailand SEC Approves ONEAM For The First BTC ETF appeared first on Coinpedia Fintech News

Thailand’s SEC has approved the first BTC ETF fund in the country. The SEC has endorsed asset manager One Asset Management (ONEAM) to introduce a BTC ETF. The ONE Bitcoin ETF Fund is scheduled to be distributed between May 31 and June 6. Under the Thai SEC’s rules, the ETF will be limited to wealthy and institutional investors. ONEAM will invest the fund in 11 major global Bitcoin funds to ensure adequate liquidity and security. The Thai fund addresses a key investor concern of secure storage.