Bitcoin ETF

Bitcoin

Shiba Inu

Spot

<ul>
 <li>These investments can only be made by institutional investors and very wealthy people.</li>
 <li>Investors’ faith in the investment vehicle has been bolstered by the recent strong inflow.</li>
</ul>
A major change is taking place in Thailand’s crypto investing scene as a result of the <a href="https://thenewscrypto.com/sec-chair-gary-gensler-dodges-questions-on-spot-ethereum-etf/" target="_blank" rel="noopener noreferrer nofollow">SEC’s</a> approval of private funds for the U.S. Spot Bitcoin ETFs. But there’s a catch: these investments can only be made by institutional investors and very wealthy people.
This judgment is significant because it represents a new step in the regulation of cryptocurrency investments in Thailand, which will have far-reaching effects on the market and on individual investors.
<h3 class="wp-block-heading" id="h-result-of-the-rising-demand">Result of the Rising Demand</h3>
To facilitate the introduction of private funds investing in U.S. Spot Bitcoin ETFs, the <a href="https://www.loc.gov/item/lcwaN0038606/#:~:text=The%20Securities%20and%20Exchange%20Commission,and%20Integrity%E2%80%9D%20The%20SEC%20represents" target="_blank" rel="noopener noreferrer nofollow">SEC</a> of Thailand has just proposed changes. Notably, on January 11, the U.S. SEC approved <a href="https://thenewscrypto.com/what-can-investors-expect-from-bitcoin-bulls/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin</a> ETF trading. This judgment follows suit. Additionally, worldwide investors’ faith in the investment vehicle has been bolstered by the recent strong inflow into the U.S. Spot Bitcoin ETF market.
Meanwhile, this is all in an effort to meet the rising demand from institutional investors for exposure to digital assets, as stated by SEC secretary-general <a href="https://www.sec.or.th/EN/Pages/Activities.aspx?SECID=10125" target="_blank" rel="noopener noreferrer nofollow">Pornanong Budsaratragoon</a>. According to the Bangkok Post, she did stress the importance of being cautious since these investments are quite risky.
Particularly in light of the unprecedented surge in interest in cryptocurrencies—and Bitcoin in particular—and their skyrocketing values, the SEC’s approval is a calculated move. The SEC’s determination to reduce digital asset risks is shown by this decision, which opens up new channels for institutional investment.
Additionally, in line with the planned regulatory improvements of the Stock Exchange of Thailand, Ms. Pornanong emphasized the SEC’s continuous endeavors to strengthen investor trust and improve market oversight.
Highlighted Crypto News Today:
<a href="https://thenewscrypto.com/shiba-inu-shib-drops-6-whats-the-reason-for-the-setback/" target="_blank" rel="noopener noreferrer nofollow">Shiba Inu (SHIB) Drops 6%, What’s the Reason for the Setback?</a>

Thailand’s SEC Approves Private Funds for U.S. Spot Bitcoin ETFs

Table of Contents

TheNewsCrypto

Other articles published on Mar 12, 2024

Expert Crypto Analyst Forecasts Uptrend for Ethereum and Solana

Floki Integrates Into DWF Labs Liquid Markets Amid Stark FLOKI Resurgence

Expert Support at Your Fingertips: Live Coding Assistance

Survey reveals English language teachers’ views on AI in language learning

BlackRock’s IBIT Bitcoin ETF Secures 200,000 BTC in Just Two Months

Blockchain Expo North America Returns To Connect Blockchain, Crypto, NFT and Web3 Ecosystems

Join our free newsletter for daily crypto updates!