On June 4, 2024, One Asset Management Limited, one of the leading asset management companies in Thailand, launches
Thailand’s first bitcoin ETF fund called ONE-BTCETFOF-UI
(ONE BITCOIN ETF FUND OF FUNDS UNHEDGED FUND NOT FOR
RETAIL INVESTORS).
One submitted
filing to Thailand SEC on May 17, 2024.
Note
that through ONE-BTCETFOF-UI investment, wealthy retail investors and institutional investors in
Thailand are only
able to invest in ETFs that are offshore bitcoin products because Thailand SEC does not approve spot Bitcoin ETFs that directly hold bitcoin yet.
It
means One will select foreign bitcoin funds such as iShares Bitcoin Trust
(IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC) into its ONE-BTCETFOF-UI’s portfolio.
One
views bitcoin ETFs are gaining recognition from governemnt regulators especially after the
U.S. Securities and Exchange Commission approved spot bitcoin ETFs and approved
spot Ethereum ETFs.
