The Stock Exchange of Thailand (SEC) has approved One Asset Management (ONEAM) to launch the country’s first Bitcoin spot ETF (ONE-BTCETFOF-UI).
It is scheduled to be issued between May 31 and June 6, with an investment risk level of 8, and is only aimed at wealthy and institutional investors.
ONEAM said the fund will invest in 11 leading global funds to ensure liquidity and security and has passed the review of US and Hong Kong regulators.
Analysts pointed out that with the approval of Bitcoin ETFs in markets such as the United States and Hong Kong, such products are gaining international recognition. Over the past 11 years, the average annual return of Bitcoin has been as high as 124%, but the volatility is also high. ONEAM recommends that investors allocate 5% of their assets to Bitcoin.
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