Bitcoin

<ul><li>One Asset Management launches Thailand&#39;s first spot Bitcoin ETF, approved by the SEC.</li><li>ONEAM&#39;s Bitcoin ETF targets wealthy and institutional investors, not retail, from May 31 to June 6, 2024.</li><li>The ETF invests in 11 major global Bitcoin funds, ensuring liquidity and safety for investors.</li></ul>Thailand&#39;s financial landscape has reached a pivotal moment as One Asset Management (ONEAM) launches the country&#39;s first spot Bitcoin exchange-traded fund (ETF). The Thai Securities and Exchange Commission (SEC) has approved this innovative financial product, aiming to open up new investment possibilities in the burgeoning field of cryptocurrency.ONEAM Pioneers Thailand&#39;s First Bitcoin ETFThe ONE Bitcoin ETF Fund of Funds Unhedged and not for Retail Investors (ONE-BTCETFOF-UI) is set for distribution between May 31 and June 6, 2024. This landmark fund is designed exclusively for wealthy and institutional investors, reflecting a targeted approach in the adoption of digital asset investment within regulated environments.Strategic Bitcoin Allocation for DiversificationAccording to the Bangkok Post, ONEAM’s ETF is <a href="https://www.bangkokpost.com/business/investment/2804674/thai-sec-approves-first-bitcoin-f" rel="noopener noreferrer nofollow">structured</a> to invest in 11 major global Bitcoin funds, ensuring both liquidity and safety for its investors. This strategic allocation is poised to tap into the cryptocurrency&#39;s renowned potential for high returns while adhering to rigorous international standards for digital asset security. Pote Harinasut, the CEO of ONEAM, talked about the fund&#39;s robust investment policy, which promises to safeguard and enhance investor assets.<a href="https://cryptotale.org/thailand-sec-approves-first-bitcoin-etf-for-institutional-investors/" rel="noopener noreferrer nofollow">Read more on CryptoTale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Thailand Launches Its First Bitcoin ETF for Institutional Investors

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